Fears grow over nascent German recovery

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Series Title
Series Details 8.10.09
Publication Date 08/10/2009
Content Type

Article reports that there are fears in German business during the autumn of 2009 that difficulties in obtaining loans could seriously harm the nascent economic recovery of Europe’s largest economy, which is expected to return to growth in 2010 after contracting by 5% in 2009. German industrial orders rose 1.4% in August 2009, according to data on the 7 October 2009 that confirmed a strong upward trend. But executives fret companies will not be able to obtain the working capital needed to finance orders that have started to pour back in.

Related Links
ESO: Background information: German manufacturing rebound gathers strength http://www.europeansources.info/record/german-manufacturing-rebound-gathers-strength/

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