Tuesday, November 15, 2016

Economic recovery is losing pace, The German economy is growing … – daily mirror

The growth of the German economy comes to a Halt: In the third quarter, the gross domestic product (GDP) rose compared to the previous quarter to only 0.2 percent, as the Federal Statistical office on Tuesday announced in Wiesbaden. German Chancellor Angela Merkel (CDU) warned against, to rest on the good news to the economy and the labour market. According to the assessment of financial market experts ‘ economic Outlook for Germany improved in November, however, once again – and it was hard. Economic growth slowed significantly in the third quarter. In the first three months of the year, Plus had still amounted to 0.7 per cent in the second quarter of 0.4 percent. This price, seasonal and calendar effects.

Recently, the economy was growth of only 0.2 percent. Statistics show that pushed from July to September, especially private and public consumption expenditure in the economy. In contrast, the foreign economic development have slowed down the growth. The exports had decreased compared to the previous quarter, and imports increased slightly. Also in the year-on-year comparison, the trend weakened in the third quarter. The GDP was 1.5 percent higher than a year earlier, adjusted for calendar effects, it was 1.7 percent. In the first quarter of 2016, the increase at 1.5 percent, adjusted for calendar effects, located at 1.9 percent. In the second quarter, 3.1 percent, in calendar adjusted 1.8 percent. “The growth decreases, the uncertainties increase and the new impulses stay,” said the President of the Federal Association of wholesale, foreign trade and services (BGA), Anton Börner.

in Spite of the low interest rates, the investment dynamics was weak. The Association looks but “in the short term, confident” on the economy. Germany is currently in a “period of economic prosperity,” said Chancellor Merkel at the Labour national conference in Berlin. The growth rates are solid, the Federal budget was balanced and unemployment was the lowest since a quarter of a century. “That’s all good news”, but no one could “have a rest”, – said Merkel. “The good Situation today, says nothing about our Situation in five or ten years.” Such as the Mannheim centre for European economic research (ZEW) announced that recently increased with the ZEW Index raised economic expectations. The Index climbed in November sharply to 13.8 points, 6.2 points in October.

It was already the fourth increase in a row. Was favored by the optimism, among other things, by favourable economic numbers from the US and China. The further increase in ways to a higher economic growth in the next six months, ZEW President, Achim Wambach. However, the choice of Donald Trump became the next US President is already braking noticeable. So, after the election, reported the economy had been expectations less positive than before the election, collected, said the ZEW. The US presidential election on may 8. November had opted out of the right-wing populist real estate billionaire Trump. (AFP)


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