German GDP grows 3% in 2011

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Source: Marketwatch
German GDP added 3% in 2011, surging most during in the first 6 months of the year, said the federal statistics office on Wednesday. The annual growth estimate matched the forecasts. Growth in European biggest economy decelerated from a record high expansion of 3.7% in 2010. Last year's surge in GDP was mainly driven by domestic demand as household consumption expanded by 1.5%.

 

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Wed, 11 Jan 2012 14:51:48 GMT

The final Q3 GDP in the Euro Zone revised down

Economy of the Euro Zone grew less than previously estimated in Q3 of 2011. The Euro Zone's GDP expanded by 0.1% seasonally adjusted in Q3 as compared to 0.2% preliminary reported. The GDP in the previous quarter grew by 0.8%. After the data release, the Euro stayed lower against the USD and the pair EUR/USD lost 0.56% to 1.2706.

Wed, 11 Jan 2012 08:48:22 GMT

Japan might refuse to engage in Iran crude embargo

Japan currently is not planning to take part in international boycott of Iranian oil imports, reported Dow Jones Newswires on Wednesday. Tokyo considers the fuel shortage may have a negative impact on country's recovery from March earthquake and tsunami. Announcement appears shortly before Tim Geithner's visit to Tokyo to discuss the embargo.

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