Germany on 鈥榥ormal, steady growth鈥
Print Edition
The Bundesbank forecast yesterday that the German economy, Europe’s biggest, will return to “normal, steady growth” in the second half of 2013, but sounded cautious about investment.
“In the second half of 2013, economic growth in Germany is likely to return to normal and steady rates,” the German central bank wrote in its August monthly report.
Last week, official statistics showed that German gross domestic product expanded by a stronger-than-expected 0.7 percent in the second quarter following zero growth in the first quarter.
The data showed growth was driven mainly by domestic demand, with consumer spending and public expenditure both on the rise and investment was also up on the previous quarter.
But in its report, the Bundesbank was doubtful whether there would be a noticeable revival in investment.
Additional demand for German companies’ products was largely coming from non-eurozone countries “where firms are tending to expand their production capacities.”
“This is curtailing fixed capital formation at domestic production sites and the growth of exports to third countries,” the Bundesbank said.
Companies’ investment in machinery and equipment, which had stabilized at a low level at the beginning of 2013 following a significant fall in 2012, “gathered little momentum in the spring despite the sharp increase in economic output,” it said.
And capital formation in the domestic corporate sector also remained largely subdued.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
