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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |