4 Sep

Protectionist barriers to trade a main risk to German growth, says ministry

first_img GERMAN economic growth is expected to hit 2.3 per cent this year, official forecasts said yesterday.Germany’s economy ministry increased its forecast by half a percentage point.Yet while some economists think growth will be close to last year’s 3.6 per cent expansion, the ministry lowered its forecasts for exports and imports — and said global trade, including protectionism, posed the main risks to the outlook.Growth, nonetheless, should still be strong, they said.“The German pick-up is extra large. Now we have to make sure it is extra long,” said economy minister Rainer Bruederle. “The time of nerve wracking stop and go is over.”The forecast follows another week of strong economic data for the core Eurozone state.Confidence among German investors soared to its highest rate since July, according to survey results published on Tuesday.The Zew index rose to 15.4, from 4.3 in December, with half of all surveyed investors expecting a Eurozone interest rate hike within six months.The week began with the Bundesbank confirming “strong” manufacturing orders towards the end of last year.However, the Bundesbank expects overall economic growth to slow in Germany this year, forecasting a two per cent increase. Protectionist barriers to trade a main risk to German growth, says ministry whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ whatsappcenter_img KCS-content Share Wednesday 19 January 2011 7:25 pm Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *