// IP Marketing video - START// IP Marketing video - END

German govt. raises growth forecast for 2014

German govt. raises growth forecast for 2014

PanARMENIAN.Net - The German government is raising its growth forecast for 2014 slightly to 1.8 percent, saying that low unemployment and rising wages should spur domestic demand, the Associated Press reports.

The Economy Ministry had previously predicted 1.7 percent growth.

The growth forecast Wednesday, Feb 12, marks a big rebound from 2013 when Germany managed to eke out only modest 0.4 percent growth.

Germany has managed to keep growing while other countries using the euro currency have stagnated or slumped. It currently has an unemployment rate of 7.3 percent while others such as Spain and Greece have rates above 25 percent.

 Top stories
At a meeting with representatives of the tourism industry, Karayan said the sector is capable of creating inclusive added value.
The first stage of work on extending the life of Metsamor NPP for another 10 years until 2026 has also been performed.
This operation will help improve the country’s competitiveness and business environment, said World Bank Country Manager for Armenia.
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Partner news