18 January 2012 13:29 [Source: ICIS news]
In 2011, GDP growth in
Economics minister Philipp Rosler said after two unusually strong years,
However, because of difficult conditions in external markets, in particular in the eurozone, the government expects a temporary slowdown in growth, he said.
EU countries needed to take “decisive and credible steps” to overcome the eurozone crisis, he said.
A solution to the crisis meant that all eurozone countries needed to improve their competitiveness and their public finances.
“Only then will it be possible for all of
In related news, Mannheim-based economics research institute ZEW said this week its economic confidence indicator for Germany improved in January amid signs that the country’s economy may see only a “dent” to growth and is likely to stabilise within the next six months, instead of deteriorating further.
ZEW’s economic confidence indicator improved by 32.2 points in January, to minus 21.6 points. The indicator is based on monthly survey responses from some 300 financial market analysts.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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