German Economy

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German exports post unexpected drop in January

AFP Global Edition 10 days ago

German exports dropped by an unexpectedly sharp 6.3 percent in January from the previous month, official statistics showed on Wednesday, though order levels suggest they should rise again soon. It was the first monthly fall since August in Europe's biggest economy, and ...

Data suggest Europe, Asia looking up

AP News 22 days ago

<div id="subtitle">Data suggest Europe, Asia improving; China leader cautions world economy faces 'difficulties'</div><div><p>Economic data gave more evidence Monday that Europe and Asia are on the mend, while a top Chinese leader cautioned against blind optimism and said the world economy still faced ...

Germany emerges from recession in second quarter: data

AFP Global Edition 22 days ago

<div><p>Germany has escaped the clutches of its worst recession in over 60 years, official data showed on Tuesday, as consumption helped Europe's biggest economy grow by 0.3 percent in the second quarter.</p><p>The figures, which confirmed estimates made earlier in August, mark the ...

German consumer outlook up for September, GfK says

AP News 22 days ago

<div id="subtitle">Germany's forward-looking GfK consumer climate survey rises for September</div><div><p>German consumers' confidence in their economy — Europe's largest — continued to rise as growth and income expectations for September increased from August, a leading survey said Thursday.</p><p>The Nuremberg-based GfK ...

Recession eases, sparking recovery hopes

AFP European Edition 22 days ago

<div><p>The economic downturn eased in the second quarter, official data showed Friday, boosting hopes that the country may soon follow France and Germany out of recession.</p><p>Gross domestic product (GDP) contracted 0.7 percent in the second quarter of 2009 compared with the first ...

World stocks up as US job losses ease

AP News 23 days ago

<div id="subtitle">World markets rise as US job losses ease, but gains capped as investors remain cautious</div><div><p>Stock markets mostly rose Friday after official data showed U.S. job losses eased somewhat in August, suggesting the world's largest economy is recovering, although sluggishly.</p>< ...

Roubini: "U-shaped" recovery is possible

Reuters US Online Report Business News 23 days ago

<div><p>CERNOBBIO, Italy (Reuters) - Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.</p><p>He said there is also an increasing risk of a "double-dip" scenario, ...

German trade surplus grows in July on month

AFP Global Edition 23 days ago

<div><p>Germany's trade surplus surged by 12 percent in July with exports gaining 2.3 percent from the previous month, the federal statistics office said Tuesday as experts pointed to a pick-up in Asia.</p><p>The surplus in Europe's biggest economy rose to 13.9 billion euros ...

Dollar falls against rivals

AFP American Edition 23 days ago

<div><p>The dollar fell against the euro and yen on Tuesday as the market digested positive German data, while the drop in the US currency boosted gold, which rose past 1,000 dollars an ounce, traders said.</p><p>In late morning trade here, the European single ...

Survey shows pre-election lift for German economy

AFP Global Edition 23 days ago

<div><p>Investors are increasingly confident that Germany's economy will rebound quickly from recession, a survey showed on Tuesday, providing some cheer less than two weeks before the country goes to the polls.</p><p>The closely-watched ZEW survey, which measures the mood of financial market players, ...

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