Arab Today, arab today german economy in good shape
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

German economy 'in good shape'

Arab Today, arab today

Arab Today, arab today German economy 'in good shape'

The German economy is "in good shape overall
Frankfurt - AFP

 The German economy is "in good shape overall," the head of the country's central bank or Bundesbank said on Wednesday, waving away suggestions that clouds could be building over Europe's biggest economy.

Speaking at the Bundesbank's annual news conference, president Jens Weidmann pointed to record high employment last year and falling unemployment.

"While wage growth was marked, inflation remained subdued. This led to a distinct rise in real disposable income," Weidmann said.

Private consumption was the main engine driving the economy last year.

Ansd "this year, too, will probably see brisk domestic demand fuelling economic activity, which looks set to remain on a clear upward trajectory in 2016 despite the slight upturn in risk," Weidmann said.

His comments came as recent economic data point to a possible slowdown in German growth and falling confidence.

The day before, the widely-watched Ifo business climate index fall to its lowest level in 14 months as business leaders became increasingly unsettled by the recent financial market turmoil.

Turning to the eurozone as a whole, Weidmann said the outlook there, too, was "rosier."

"The euro area's gradual economic recovery is likely to continue in the rest of this year and in 2017," Weidmann said.

And he warned of the possible risks of further stimulus measures by the European Central Bank at its next policy meeting in March.

With the ECB's monetary policy stance "already highly accommodative," additional action "could entail longer-term risks and side-effects ...that it would be dangerous to simply ignore," Weidman cautioned.

In the face of stubbornly low inflation, the ECB is expected to roll out further measures next month to push area-wide inflation back up to levels more conducive to healthy economic growth.

 

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 german economy in good shape Arab Today, arab today german economy in good shape

 



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 german economy in good shape Arab Today, arab today german economy in good shape

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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