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
Australian PM Tony Abbott said leaders would discuss job creation, identifying tax cheats and strengthening the global economy.
This is the second in a series of three DPOs, supporting the government of Armenia in meeting its strategic objectives.
Earlier this week, the bank's board met following last month's stress tests and approved a €2.5bn rights issue in order to plug the gap.
Ameria’s management staff, partners and public agencies, as well as local and int’l organizations are participating in the Oct 14-15 master classes.
Partner news