Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Export revival may benefit Germany's recovery: central bank
+ -
08:47, September 22, 2009

 Related News
 Exports to help German economy grow 1.5% in 2010
 OPEC oil prices edge slightly higher
 EU publishes decision on Intel's abuse of dominant position
 Sweden's economy to recover from financial crisis next year
 Indications of recovery in global toy industry
 Comment  Tell A Friend
 Print Format  Save Article
German companies are benefiting from a revival in exports, along with the emerging global recovery, said Bundesbank, the German Central Bank, in its monthly report on Monday.

German economy enjoyed 0.3 percent of growth in the second quarter from the first as improving global trade boosted demand for exports and the government's 85 billion-euro (125 billion U.S. dollars) package stimulated domestic spending.

The rising export demand made a good "compensation" for the gap, said Bundesbank.

The current global recovery is mainly based on the positive effects from stimulus packages around the world and an "expansionary" monetary policy, said Bundesbank, and a "marked recovery" is likely to be seen in the third quarter, but setbacks can also not be ruled out as those measures may expire and rising unemployment in Germany may drag down its domestic consumer spending.

The road for the recovery of German economy will be "bumpy" and its "economy will not reach the level of prosperity it enjoyed in 2008 until, probably, 2013," Bundesbank President Axel Weber said in an interview with daily Frankfurter Rundschau on Monday.

Source:Xinhua



  Your Message:   Most Commented:
World's top ten most mysterious and horrible spots
Which country has the most beautiful women?
Indian media stinks up public opinions
Baby alien found by Mexican farmer
How do India's middle school textbooks portray China?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90865/6763973.pdf