German govt. raises growth forecast for 2014 February 12, 2014 - 17:32 AMT 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 Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news U.S. welcomes efforts to define Armenia-Azerbaijan border  The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |
