Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 23 May 2014 [View all]xchrom
(108,903 posts)21. German Domestic Demand Reliance Shows Uneven EU Recovery
http://www.bloomberg.com/news/2014-05-23/german-reliance-on-domestic-demand-shows-uneven-euro-recovery.html
Germanys economic growth in the first quarter was driven exclusively by internal demand, highlighting the uneven nature of the euro areas recovery.
Domestic consumption climbed 1.9 percent from the fourth quarter and construction surged 3.6 percent, boosted by a mild winter, the Federal Statistics Office in Wiesbaden said today. Gross domestic product increased 0.8 percent, the office said, confirming a May 15 estimate. From a year earlier, the economy grew 2.3 percent when adjusted for working days.
Germany is key to the economic recovery in the 18-nation euro area, which is struggling to pick up pace amid near-record unemployment and subdued pricing power. The Bundesbank said this month that German growth will slow in the three months through June as the effects of the warm winter recede.
We are in a new normal for Germany where domestic demand is the new driver of economic output -- something well continue to see in the coming months and years, said Christian Schulz, senior economist at Berenberg Bank in London. Exports will grow but imports will probably grow more.
Germanys economic growth in the first quarter was driven exclusively by internal demand, highlighting the uneven nature of the euro areas recovery.
Domestic consumption climbed 1.9 percent from the fourth quarter and construction surged 3.6 percent, boosted by a mild winter, the Federal Statistics Office in Wiesbaden said today. Gross domestic product increased 0.8 percent, the office said, confirming a May 15 estimate. From a year earlier, the economy grew 2.3 percent when adjusted for working days.
Germany is key to the economic recovery in the 18-nation euro area, which is struggling to pick up pace amid near-record unemployment and subdued pricing power. The Bundesbank said this month that German growth will slow in the three months through June as the effects of the warm winter recede.
We are in a new normal for Germany where domestic demand is the new driver of economic output -- something well continue to see in the coming months and years, said Christian Schulz, senior economist at Berenberg Bank in London. Exports will grow but imports will probably grow more.
Edit history
Please sign in to view edit histories.
41 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Jamie Dimon’s sinister P.R. ploy: What’s really behind JPMorgan’s Detroit investment
Demeter
May 2014
#20
And the self-inflicted wounds are going to kill us long before they bother the rest of world
Demeter
May 2014
#41
You know, I wasn't paying particular attention and another Weekend Snuck Up on Me!
Demeter
May 2014
#22
NYSE Margin Debt Declined Again in April; Leading Indicator for a Market Correction?
DemReadingDU
May 2014
#31