German economy to expand despite global concerns, EconMin says
[BERLIN] The German economy got off to a good start in 2016 and remains on a solid growth path despite headwinds from slowing emerging markets that affect the key export sector, the Economy Ministry said in its monthly report on Friday.
"The growth perspectives of the world economy have further deteriorated in the past month," the ministry said. "Against this backdrop German exports remained slightly depressed at the start of the year."
The ministry added that the economic sentiment had deteriorated over concern about a slowdown in China and other emerging markets and financial markets turbulences.
Record high employment, strong local consumption, low oil prices and a weaker euro, should continue to provide an impulse to the German economy, the ministry said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year
Teheran signals no retaliation against Israel after drones attack Iran