Arab Today, arab today bundesbank sees strong german growth in first half of 2015
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Bundesbank sees 'strong' German growth in first half of 2015

Arab Today, arab today

Arab Today, arab today Bundesbank sees 'strong' German growth in first half of 2015

Bundesbank chairman Carl-Ludwig Thiele
Frankfurt - AFP

The German economy, Europe's biggest, will notch up "strong" growth in the first half of 2015, driven by robust exports and buoyant consumer spending, the German central bank or Bundesbank said Monday.
"The German economy, following surprisingly strong growth at the end of 2014, should have continued to grow strongly in the first quarter of 2015," the Bundesbank wrote in its latest monthly report.
"For the second quarter, too, the robust economic uptrend will continue. The main driving forces are foreign demand, private consumption and, to a lesser extent, residential construction," the report said.  
There were also signs of a pick-up in company investment, the Bundesbank said.
Consumer spending, which was already robust thanks to favourable labour market developments and strong wage increases, had received an additional boost in purchasing power from falling energy prices, it argued.
Furthermore, households had also increased their savings ratio "so that the additional real room for spending hasn't been fully utilised," the Bundesbank continued.
The German economy grew by a stronger-than-expected 0.7 percent in the fourth quarter of last year, shrugging off the temporary lull in the preceding quarters.
The 0.7-percent expansion in gross domestic product (GDP) in the final quarter of 2014 lifted growth for the whole year to 1.6 percent.
The national statistics office Destatis will publish a preliminary estimate of first-quarter gross domestic product (GDP) growth on May 13.

 

arabstoday
arabstoday

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*

Arab Today, arab today bundesbank sees strong german growth in first half of 2015 Arab Today, arab today bundesbank sees strong german growth in first half of 2015

 



Arab Today, arab today

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*

Arab Today, arab today bundesbank sees strong german growth in first half of 2015 Arab Today, arab today bundesbank sees strong german growth in first half of 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday