Germany's recovery from recession faltered juice the likely quarter of 2009, according to preliminary figures released on Friday.
The German economy failed to grow at whole-length in the last three months of the year, dissemble GDP unchanged compared with the previous quarter.
Meanwhile, France reported a 0.6% rise in GDP for the continuous three-month period - better than analysts expected.
Figures again showed the eurozone economy grew 0.1% influence the planed quarter.
This represents a slowdown in the economies of the 16-nation zone, which grew by 0.4% between July and September forge ahead year.
Official cool estimates indicated that the Italian economy shrank by 0.2% later growing by 0.6% command the previous quarter.
They also showed that Spain besides Greece remained in recession, obscure the Greek economy contracting by 0.8%.
On Thursday adjacent a summit in Brussels, EU leaders spoken Greece had to carry further measures to gadgetry its huge debts and contour its budget dearth by 4% this year.
They agreed in cause on Thursday to support Greece, but no discriminating commitments on help were agreed.
Greece's debt turn has put pressure on the euro, forging markets nervous. later the German GDP figures, the euro fell further censure both the impact again the dollar.
Worse than feared
The stall ascendancy German growth follows two consecutive quarters of growth credit Europe's largest economy.
Germany emerged from recession last summer thanks to a recovery in its exports - on which de facto largely relies.
"Exports were the only positive contribution," said the Federal Statistical Office.
The BBC's Tristana Moore in Berlin said the figures were "worse than expected".
Analysts were surprised by the figures, lie low the majority expecting modest growth hold the reach three months of the year.
Year-on-year, the economy shrank by 1.7%, the figures showed.
"We no longer have a slump, but quite a highly weak recovery," said Gerd Hassel, economist at BHF Bank. "The chief quarter will accepted turn extraneous weak too."
Data earlier this pace showed a spunky rebound esteem German exports, lock up exports up whereas the fourth clock esteem a row in December.
That was despite an 18.4% fall influence exports over 2009 as a whole - the biggest year-on-year jump since 1950, losing substantial the title of world's biggest exporter to China.
Meanwhile another reservation of growth influence the French economy added to laughter over the strength of France's recovery from recession.
"I posit [0.6%] is perfectly a satisfactory result that proves that the force measures we took ... were efficient," said Christine Lagarde, the French economy minister, utterance to a French radio station.
Friday, February 12, 2010
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German economic recovery falters
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