german economy starts the year with strong growth
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

German economy starts the year with strong growth

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice German economy starts the year with strong growth

FRANKFURT, Germany - AFP

Germany\'s economy is off to a strong start this year, growing a quarterly 1.5 percent in the first three months to a level last seen before the economic crisis in 2008, provisional data showed on Friday. The figure was in large part the result of strong domestic demand, official seasonally corrected figures data showed, good news for Germany\'s traditionally export orientated economy. The reading also underscored a catch-up effect from the fourth quarter of 2010, which saw growth of just 0.4 percent owing to poor weather. In the three months from January to the end of March meanwhile, \"a positive contribution was made mainly by the domestic economy,\" a statement issued by the national statistics office said. It underscored corporate investment in capital goods and a pick up in the public works and construction sectors. \"The pre-crisis level of early 2008 has been exceeded already now,\" the Destatis office said. Less than two years ago, economists had estimated that benchmark would not be reached before 2013, but German manufacturing in particular has benefitted from global economic growth since then. Analysts polled by Dow Jones Newswires had forecast a smaller first-quarter 2011 gain of 0.9 percent, and the sign of domestic strength will be welcome given forecasts of a slowing in foreign demand ahead. \"Germany, 12 points,\" ING senior economist Carsten Brzeski joked in reference to the maximum score at the Eurovision song contest that takes place on Saturday in Duesseldorf, western Germany. On a 12-month comparison, Germany\'s price-adjusted gross domestic product gained an impressive 5.2 percent in the first quarter, which meant GDP \"rose more sharply than ever since German unification\" in 1990, the statement said. Germany continues to post one of the strongest growth rates in Europe, despite headwinds such as the eurozone debt crisis, rising oil prices, inflation and interest rates, and unrest in North Africa and the Middle East. France reported quarterly growth of 1.0 percent on Friday, already better than the 0.50-percent increase seen in Britain. \"Germany is the growth engine among industrialised nations, and not only in Europe,\" incoming economy minister Philipp Roesler said in a statement. The economy expanded by 3.6 percent in 2010, and several economists believe it will add an additional 3.0 percent this year. At the moment, the official growth forecast from Berlin is 2.6 percent. \"With its sound fundamentals, the economy is heading towards a second \'Wirtschaftswunder\',\" or economic miracle, Brzeski said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german economy starts the year with strong growth german economy starts the year with strong growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german economy starts the year with strong growth german economy starts the year with strong growth

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 22:30 2017 Thursday ,01 June

Actress Heidy Karam deals with her work

GMT 12:19 2012 Wednesday ,22 August

School violence and 'collective sanctions'

GMT 19:36 2016 Friday ,26 August

Univision to hold unity concert ahead of election

GMT 13:40 2017 Friday ,20 January

PSG better option than China

GMT 08:36 2017 Thursday ,09 November

Kobe Steel,Nissan scandals tarnish image

GMT 12:41 2017 Wednesday ,22 February

Saudi Crown Prince Meets US Senator John McCain

GMT 08:48 2011 Wednesday ,14 December

Botanical suplements linked to serious illness

GMT 20:24 2011 Saturday ,26 February

Iran rejects nuclear watchdog\'s concerns

GMT 13:27 2013 Wednesday ,08 May

300,000 day-old babies die each year in India

GMT 14:21 2017 Monday ,14 August

Aqua therapies available in UAE

GMT 09:46 2011 Monday ,20 June

DisplaySearch downgrades LCD TV market outlook

GMT 04:33 2016 Sunday ,08 May

NBA playoff results
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice