German GDP rises in line with estimations

Source: Bloomberg
Economic growth in the largest economy of the Eurozone has been in line with preliminary estimations in the first quarter of this year and reached 0.8% on a quarterly basis. Year-on-year, German economy surged 2.3%. Among growth contributors, private consumption in the country advanced 1.9% during January-March, while construction sector increased 3.6%.
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Fri, 23 May 2014 09:28:04 GMT

German business climate drops in May

Economic and business confidence level in Germany decreased in May of the current year, as investors doubt that country's economic growth may slow during the second quarter. The benchmark index, calculated by the Ifo institute, reached 110.4 points versus 111.2 points in April. The indicator evaluates business expectations of 7,000 largest German companies.

Thu, 22 May 2014 11:23:04 GMT

Fed sees no risks of inflation despite stimulus

According to the minutes of the Federal Reserve meeting on April 29-30, the inflation level in the country will not exceed the key level of 2%, despite quantitative easing policy. Moreover, monetary officials pointed out that stimulus will continue to influence employment in a positive way. The Fed is going to track changes in the economy in order to estimate

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