Arab Today, arab today german growth to slow after strong q1
Last Updated : GMT 07:58:19
Arab Today, arab today
Arab Today, arab today

German growth to slow after strong Q1

Arab Today, arab today

Arab Today, arab today German growth to slow after strong Q1

German growth to slow after strong Q1
Berlin/Frankfurt - Arab Today

German economic growth is likely to slow after a robust start to the year, expanding at a slower pace for the rest of 2016 as foreign trade cools, the Finance Ministry and central bank said.
Europe’s largest economy grew 0.7 percent between January and March, its strongest quarterly rate in two years, as soaring private consumption, higher construction investment and state spending on migrants more than offset weak foreign trade.
The government expects domestic demand to drive an overall economic expansion of 1.7 percent in 2016, on a par with last year.
In its monthly report, the Bundesbank said economic growth is likely to slow sharply in the second quarter before rebounding later in the year. The Finance Ministry took a slightly more positive view of the March-June period.
“The German economy had a good start to the second quarter,” the ministry said in its monthly report.
“Economic indicators overall suggest a continuation of the economic upswing, albeit at a less dynamic pace than at the beginning of the year.”
Rising employment, higher wages and low interest rates are boosting the purchasing power of German consumers, the ministry said, adding: “Altogether, the conditions for private consumption remain good.”

The central bank said growth would dip compared to the first quarter due to lower industrial export orders and fluctuations in the construction sector and as the positive impact of a relatively warm winter wears off.
With its 0.7 percent expansion, Germany was the driver of an unexpectedly robust first quarter for the euro zone, with strong investments and healthy industrial output suggesting the bloc was on an upswing.
“The positive sentiment indicated by corporate and household surveys suggests that economic growth after a weak second quarter should increase again over the next six months,” the Bundesbank said.
Despite the second quarter dip, it still expects full year growth of 1.7 percent, in line with last year’s figure, supporting the European Central Bank’s view that its extraordinary stimulus is adding to growth and reviving inflation.
The Finance Ministry said strong domestic demand was pushing up tax income, with overall revenues up nearly 6 pct on the year in first five months of 2016.
Buoyant tax revenues were enabling Finance Minister Wolfgang Schaeuble to increase spending on migrants and infrastructure while keeping a balanced budget.
The ministry said exports were still growing thanks to strong demand from European Union countries which was cushioning the effect of weaker demand from emerging markets such as China, Brasil and Russia.
“Nevertheless, trade-related risks remain, especially with regard to the still sluggish development of the world economy,” it added.

Source: Arab news

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 growth to slow after strong q1 Arab Today, arab today german growth to slow after strong q1

 



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 growth to slow after strong q1 Arab Today, arab today german growth to slow after strong q1

 



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 A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
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 Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
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 Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

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