: :inin Kyiv (EET)

Germany optimistic on outlook despite weak Q2, report says


Frankfurt (AFP) – The German government remains optimistic in its outlook for Europe’s biggest economy, despite negative growth in the second quarter, the weekly Der Spiegel reported Sunday.For the whole of 2014, the German economy could even notch up faster growth than the 1.8 percent it is currently predicting, the magazine said, quoting Finance Minister Wolfgang Schaeuble.”Particularly thanks to domestic demand, there are chances that growth will be better than expected,” according to an internal document from Schaeuble’s ministry, Der Spiegel said.In official data released earlier this month, gross domestic product (GDP) contracted by 0.2 percent in the second quarter, …read more

Source: Business Insider

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