Bundesbank says Germany's economy shows signs of picking upJanuary 21, 2013 - 20:23 AMT PanARMENIAN.Net - Germany's central bank says the country's economy, Europe's biggest, is already showing signs of picking up after contracting in last year's final quarter, The Associated Press reported. The German economy grew a modest 0.7 percent last year and officials estimate that it shrank by around 0.5 percent in the fourth quarter. But the Bundesbank said in its monthly report Monday, Jan 21, that its prospects have improved. The bank notes that business confidence has brightened — powered by improving export hopes — adding that Germany's stable labor market suggests "that economic weakness will not continue for too long." The Bundesbank added that there are signs of the economy improving already in the current quarter. Growth in the first quarter would prevent Germany from falling into a recession. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |