• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,386
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Prospects for German economy brightening
Photo: DPA

Prospects for German economy brightening

Published: 11 Feb 2013 12:02 CET

"The prospects for the German economy are gradually improving. Forward-looking indicators point to a possible end to the current weak phase," the report said.

"The low point of the global economic weakness appears to be already past," the ministry added, noting also that the situation on the international financial markets had also calmed considerably.

Broadly speaking, the German economy has weathered the eurozone debt crisis better than many of its neighbours. But with a large part of its all-important exports going to fellow eurozone countries, Germany has not been immune to the turbulence and gross domestic product expanded by a mere 0.7 percent last year after 3.0 percent in 2011.

Click here for The Local's job listings

And the economy seemed to have slammed abruptly into reverse in the fourth quarter of the year, as officials estimate a contraction of 0.5 percent, raising fears Europe's powerhouse could slip into recession.

The economy ministry acknowledged that "weak construction and industrial activity indicate a drop in total economic activity in the final quarter of 2012" but stressed this low point should be "quickly overcome."

Official figures for the fourth quarter are due to be published on Thursday.

In recent weeks, confidence indicators have pointed to a recovery, notably the closely watched Ifo business sentiment index, which rose to a seven-month high in January.

Consumer confidence also rose in January while the labour market continued to show its resilience by falling to a four-month low in January on a seasonally adjusted basis.

AFP/mry

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
German Employment News
What kind of companies are hiring foreigners in Germany? And which type of firm should you target for your next career move? Recruitment expert Chris Pyak reveals all to JobTalk.
German employees do the most overtime of any workers in the European Union, Social Affairs Commissioner Lazlo Andor said on Monday.
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany’s Labour Minister Andrea Nahles has given her backing to an anti-stress law, announcing a study into workers' mental health on Tuesday.
Germans could foot the bill for unemployment benefits in other European countries under an EU plan to tax the union's richest states.
What do Germans do in their spare time? More and more of them are working a second job, according to one study. Is work no longer paying enough and can your boss stop you taking a second job?

Reporter
The Local in Spain is seeking a reporter to join our growing team of internationally-minded, ambitious, and clued-up journalists. You will be based in our Madrid office covering news and events in Spain for thelocal.es and building this young site's audience.
FULL JOB AD »

IT Officer (Hardware/Networking)
VFS TasHeel, leaders in Visa Processing and Delivery, is looking for an IT Officer (Frankfurt Office) who will be primary responsible for User Level Support of all VFST/VASCO systems
FULL JOB AD »

Poolia Deutschland GmbH, Niederlassung Frankfurt
Stepstone
Added 09/21/14

StepStone Deutschland GmbH
Stepstone
Added 09/21/14

Allianz SE
Stepstone
Added 09/21/14

BMW Group
Stepstone
Added 09/21/14

Bigpoint GmbH
Stepstone
Added 09/21/14

BMW Group
Stepstone
Added 09/21/14

BMW Group
Stepstone
Added 09/21/14

Danone Waters Deutschland GmbH
Stepstone
Added 09/21/14

JobManager24 GmbH
Stepstone
Added 09/21/14