Arab Today, arab today german raises 2014 growth forecast
Last Updated : GMT 16:20:15
Arab Today, arab today
Arab Today, arab today

German raises 2014 growth forecast

Arab Today, arab today

Arab Today, arab today German raises 2014 growth forecast

Berlin - XINHUA

The German government raised forecast for its economic growth in 2014 on Wednesday, citing a stable labor market and recovery of investment. The economic ministry predicted that Europe's largest economy would expand by 1.8 percent in the new year, 0.1 percentage point higher than its previous expectation. "The German economy has embarked on a stable and broad-based recovery," said German Economic Minister Sigmar Gabriel in a statement. The stable labor market played a central role in the domestic dynamics, expecting the number of employed to increase by 0.6 percent to 42.1 million people, a new high record in history, said the government. Stable labor market and wage rises would encourage private consumption, and the capital investment and exports growth would also stimulate the economic expansion, according to the ministry. Investment in machinery and equipment would increase by 4.0 percent, following a 2.2 percent decline in 2013, and in construction to grow by 3.2 percent. Exports would regain its strength in the new year, with a growth rate of 4.1 percent. In the previous year, German exports only grew slightly by 0.6 percent. The export growth, however, would be outpaced by imports, which was expected to increase by 5.0 percent. Trade surplus should be narrowed, said the government. "Dynamics of German domestic economy is not only good news for Germany, but also for our partners in Europe. We come to our goal of reducing the imbalances in the euro area a little closer," Gabriel said. The government also said on Wednesday that it expected German economy to grow by 2.0 percent in 2015, adding that in a long term, the country's economy faces challenges, including insufficient investment in infrastructure and restructure of energy supply. Suffered from recession in its European neighbours and restrained growth of the global economy, Germany's economic output grew slightly by 0.4 percent in 2013, following an expansion of 0.7 percent in 2012, and a more dynamic growth of 3.3 percent in 2011. Consumption from private households and government were the main engine of the growth, rose by 0.9 percent and 1.1 percent respectively. Total investment decreased by 0.8 percent, while net exports made a negative contribution of minus 0.3 percentage points to GDP. Economists expected that German economy would accelerate in 2014. With receding of uncertainties in euro zone, and loose monetary policy in the common currency area, investment would be another pillar besides consumption to support the 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 raises 2014 growth forecast Arab Today, arab today german raises 2014 growth forecast

 



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 raises 2014 growth forecast Arab Today, arab today german raises 2014 growth forecast

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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