| Author (Person) | Fox, Benjamin |
|---|---|
| Series Title | EUObserver |
| Series Details | 13.08.14 |
| Publication Date | 13/08/2014 |
| Content Type | News |
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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. |
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| Source Link | http://euobserver.com/news/125239 |
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| Countries / Regions | Europe, Germany |
