- Germany edition
- Change edition:
- France |
- Norway |
- Spain |
- Sweden |
- Switzerland
Prospects for German economy brightening
Published: 11 Feb 13 12:02 CET | Print version
Online: http://www.thelocal.de/money/20130211-47895.html
Germany's economy, the biggest in Europe, should see brighter days ahead after tumbling in the fourth quarter of last year, the Economy Ministry said on Monday in its regular monthly report.
- Job centre Facebook spying 'is illegal' (24 May 13)
- Immigrants 'more skilled' than many Germans (24 May 13)
- German consumers keep recession at bay (24 May 13)
"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.
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
What do you think? Leave your comment below.
Tax evasion 'OK for Joe Normal' say Germans
Although Germans express outrage when wealthy or famous people evade taxes, many of them do the same themselves, albeit on a smaller scale, a new survey shows. READ () »
Spain and Germany fight youth employment
Germany has agreed to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country. READ () »
Car boss asks Merkel to rethink CO2 pledge
The president of the German Automobile Association (VDA) has written to Angela Merkel, asking her to retract her pledge to significantly reduce CO2 car emissions by 2025, it was reported on Tuesday. READ () »
SAP to hire hundreds of autistic IT experts
German tech company SAP said on Tuesday it wants to hire hundreds of people with autism to work as software testers and programmers. The search has, it said, begun for people “who think differently from others.” READ () »
Economists warn against German euro exit
While a third of Germans would rather pay with the old Deutsche mark than the euro, economists warn that a German exit from the currency union would result in a disaster. READ () »
Germany cool to France's EU economy plan
Germany said Friday that French President Francois Hollande's proposal for a eurozone economic government was "interesting" but reacted coolly to his call for strengthened European budgetary powers. READ () »
Au pairs rules relax for non-German families
Foreign families will soon be able to officially engage au pairs from outside the European Union, as long as they speak German at home, as the government prepares to change the law. READ () »
Germany refuses to slam French economic policy
Germany will not publicly criticize France over economic policy, German Finance Minister Wolfgang Schäuble insisted on Thursday, amid differences between Berlin and Paris over growth versus austerity in battling the eurozone debt crisis. READ () »
Capri-Sun drink wins false advertising award
A German food industry watchdog singled out drinks-maker Capri-Sun for its annual advertising "award" on Thursday, for what the group described as "shameless" marketing of sugary drinks to children. READ () »
Anaemic economy feels winter chill
The German economy, Europe's biggest, clocked up anaemic growth at the start of 2013 as the freezing winter weather put the brakes on activity, official data showed on Wednesday. READ () »
- 15/05 Pay deal for metal workers averts strike »
- 14/05 First ever strike hits Amazon's German unit »
- 14/05 Volkswagen plans giant car plant in China »
- 13/05 Metal workers enter huge warning strikes »
- 13/05 Germany launches new job creation drive »
- 10/05 German giants dazzle Dax »
- 10/05 Netto pioneers mobile phone payments »
- 08/05 Court: gay and straight tax breaks must match »
- 08/05 BMW recalls 22,000 cars over airbag fault »
- 07/05 France tells Germany: we need growth too »
See all ads | Join the Marketplace
-
British Corner Shop
British Corner Shop - The online supermarket for expats -
Shiply Worldwide Ltd
Shiply the Online Transport Market Place -
PsyShrink Munich
The Expat Psychologists in Munich, Frankfurt and worldwide -
PsyShrink Frankfurt
The Expat Psychologists in Munich, Frankfurt and worldwide -
Chambervelt Rooselain & Cie Ltd.
Insurance and financial planning for English speakers in Germany -
Weiss Institut
Free yourself from Smoking addictions, Sugar craving and Alcohol addictions
955 jobs available
666 new jobs this week
110 new jobs today
- Internship in Human Resources (global Projects) (f/m)
- Telesales in Gaming Industry - French and English (m/w)
- French Speaking Customer Service Representative
- Global Deployment Expert m/f - Quality Management
- Global Deployment Expert m/f - Inbound & Outbound Logistics
- Global Deployment Expert m/f - Operations Planning
- Microsoft - Software Development Engineer (m/f) II
- Head of HR (m/f)
- Trainee Program for Controlling and Operational Excellence
- Corporate Controller (m/w) for Operations
- 23/05 Sweden 'fails to help well-educated foreigners' »
- 23/05 Mixed results for Sweden refugee job push »
- 22/05 350 jobs lost as Ericsson shuts Swedish factory »
- 22/05 Sweden has 'lower tax burden' than Senegal »
- 21/05 Ericsson probed over suspected bribes »
- 21/05 Warning over 'long-term' Swedish export slump »
- 20/05 'Lean hospital a sign of Swedish welfare reform' »
- 20/05 H&M mulls production in South America and Africa »
- 19/05 Nord Stream plans new gas pipelines »
- 17/05 'Sweden next in line for housing market crash' »
- Collectivity and Representations of Community in Dance
With its streams of data and traffic, the present age is creating new forms of community. - Living Like a Poem – Sarah Kirsch Dies (05/23/2013)
On 5 May 2013, the poet Sarah Kirsch died after a short but serious illness in Heide in Schleswig-Holstein.... - Food trucks – meals on wheels
Small mobile restaurants are starting to catch on in Germany and they are often far more than your average snack wagons with Currywurst and Pommes. - “Preserve the proven, shape the new” – the International Bach Academy in Stuttgart
For more than thirty years, Helmuth Rilling shaped the international Bach Academy; now he is succeeded by Hans-Christoph Rademann. - ‘Open Mike’ – Fireworks with the Buddha
The Berlin ‘Open Mike’ entered this year its twentieth edition.
- Theatre festival between the Saar and the Mosel
The Festival Perspectives in the German-French region around Saarbrücken is staging European theatre, dance and music productions. - The European Year of Citizens
2013 is the European Year of Citizens. - Europe Day, Robert Schuman and Class 4a
Enthusiasm for the idea of Europe – in the 60th European Competition, schoolchildren from Germany show what this could look like. - Relief organizations
The portals presented here provide information on the help programs offered by different organizations.
- Affiliate controller m/f
- Design Engineer Aerospace in Toulouse
- Design Feasibility Engineer / Craftsmanship Engineer (m/f)
- Installation Expert New Installation and Modernization m/f
- Intern Sourcing Europe Dry 2 - Fresh (f/m)
- Internship Recruiting (Job ID: 226748)
- Quality Manager m/f
- Dance Production sucht Ballett-Tänzer
- Global Deployment Expert m/f - Inbound & Outbound
- Global Deployment Expert m/f - Operations Planning
- 19/05 Car Boot Sale Herford
- 17/05 paid internship
- 17/05 Stop Smoking & Addiction Support
- 17/05 Florida resident seeks job in baden Baden Germany
- 17/05 Berlin Writing Group
- 17/05 cheap car hire
- 12:20 Using VPN to watch HULU or BBC iPlayer
- 12:13 EU VAT ID income in Umsatzsteuererklärung
- 11:54 20ies Something- feeling lost
- 11:52 Translators' meetup, monthly networking event
- 11:47 Broken water meter
- 11:38 EU will protect us from rogue olive oil
- 11:24 Saturday Night Meetup
- 11:00 English-speaking midwives (Hebamme)
- 10:58 What do you like about the German public schools?
- 10:53 Hospitals and clinics for giving birth in Munich
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Your comments about this article: