Arab Today, arab today german government expects accelerated economic growth in 2014
Last Updated : GMT 16:26:14
Arab Today, arab today
Arab Today, arab today

German government expects accelerated economic growth in 2014

Arab Today, arab today

Arab Today, arab today German government expects accelerated economic growth in 2014

Berlin - XINHUA

German government expected growth of the Europe's largest economy to speed up in 2014, after a slight expansion in 2013, the economy ministry said on Monday. "External pulses are palpable for Germany again," said the Ministry in its monthly report, noting that the global economic prospects are brightening and the uncertainty caused by the financial crisis and the euro debt crisis has receded. The ministry said German economic growth should accelerate slightly this year according to recent optimistic indicators. However, the ministry warned that the euro area emerged only slowly out of recession, and further stabilization of new momentum for growth and employment is required. The government expected German gross domestic product in 2013 to grow only slightly from the previous year due to weak winter months. Domestic demands were considered as the main driving power. An official result was scheduled to be released on Wednesday. Economists forecasted the German economy to expand by 0.5 percent in 2013 and by 1.7 percent in 2014.

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Arab Today, arab today german government expects accelerated economic growth in 2014 Arab Today, arab today german government expects accelerated economic growth in 2014

 



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