Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank, figures show.
But higher domestic consumption - thanks to rising wages - helped offset the declines in foreign trade and capital investment, raising hopes it will help drive a sustained recovery.
The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.
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Showing posts with label Germany's economy. Show all posts
Showing posts with label Germany's economy. Show all posts
5/25/2013
12/08/2012
Germany's growth forecast cut by Bundesbank
Germany's central bank, the Bundesbank, has cut its growth forecast for next year, saying the country's economy might be entering a recession.
9/07/2012
German industry orders rise, outlook still gloomy
BERLIN (Reuters) - Stronger domestic demand helped German industrial orders edge up in July and an engineering trade body raised its forecast for full-year output growth but warned the euro crisis would hurt more in the second half of 2012.
8/05/2012
German politicians concerned about bigger role for ESM
(Reuters) - Politicians in Germany's ruling centre-right coalition have expressed renewed concerns about an increased role for the euro zone's permanent bailout fund, which is at the centre of a court case after the German parliament approved it in basic form.
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