German economic slowdown poses risk for EU recovery

Author (Person)
Series Title
Series Details 13.08.14
Publication Date 13/08/2014
Content Type

EUObserver reported on the August 2014 ZEW Indicator of Economic Sentiment for Germany, which indicated a significant declaine.

The decline in economic sentiment was likely connected to the ongoing geopolitical tensions that had affected the German economy by now. In particular, figures on industrial production and incoming orders suggested markedly reduced investment activities on the part of German firms against the backdrop of uncertain sales prospects. Since the economy in the Eurozone was not gaining momentum either, the signs were that economic growth in Germany would be weaker in 2014 than expected.

Separately, Germany's Federal Statistics Office reported on the 13 August 2014 that the German economy was 'losing momentum' after its trade balance had a negative effect on economic development.

German GDP contracted by 0.2% in the three months to the end of June 2014, figures showed, after growing by 0.7% in the first quarter.

Germany's Federal Statistics Office said the economy was "losing momentum" after its trade balance had a negative effect on economic development.

Source Link Link to Main Source http://euobserver.com/news/125239
Related Links
ZEW: Centre for European Economic Research: Press release: ZEW Indicator of Economic Sentiment - Economic Expectations Decline Significantly http://www.zew.de/en/press/2709/zew-indicator-of-economic-sentiment---economic-expectations-decline-significantly
ESO: Background information: Germany, France and Italy unite to boost EU growth http://www.europeansources.info/record/germany-france-and-italy-unite-to-boost-eu-growth/
BBC News, 14.08.14: German and French economies stumble in second quarter http://www.bbc.co.uk/news/business-28783850
Centre for European Economic Research: ZEW Indicator of Economic Sentiment http://www.zew.de/en/publikationen/Konjunkturerwartungen/Konjunkturerwartungen.php3
Germany: Destatis: Facts & Figures: National economy & environment: National accounts https://www.destatis.de/EN/FactsFigures/NationalEconomyEnvironment/NationalAccounts/NationalAccounts.html;jsessionid=1166E70C6074F96FF8B89899455803BC.cae4
Germany: Destatis: Facts & Figures: National economy & environment: National accounts: Gross domestic product down 0.2% in 2nd quarter of 2014 https://www.destatis.de/EN/FactsFigures/NationalEconomyEnvironment/NationalAccounts/DomesticProduct/Current.html

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