14 August 2012 14:36 [Source: ICIS news]
“Against the background of a difficult European and global economic environment, we need to set growth impulses and improve competitiveness,” minister Philipp Rosler said.
Rosler pointed to the country’s efforts to revamp its energy sector. This revamp needed to be managed in a way that limits impacts on energy costs in order to preserve the competitiveness of
“The competitiveness of our country is of key significance,” he added.
Rosler’s remarks came as the country’s federal statistics office reported that
Growth was driven by higher domestic demand, as well as exports. Compared with the 2011 second quarter,
Overall GDP in both the EU and the eurozone fell by 0.2% in the second quarter from the previous three-month period, ICIS reported.
Additional reporting by Franco Capaldo
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