German, French Growth Probably Accelerated in Fourth Quarter
Published:
12 February 2004 y., Thursday
Economic growth in Germany and France, the largest of the 12 nations sharing the euro, probably accelerated in the fourth quarter as export orders prompted factories to step up production, surveys of economists showed.
German gross domestic product probably expanded 0.3 percent from the third quarter, when it grew 0.2 percent, the median forecast of 34 economists surveyed by Bloomberg News showed. The pace of French growth may have quickened to 0.5 percent from 0.4 percent, according to a separate survey of 26 economists.
Germany and France account for about half the $9 trillion economy of the euro region, which grew at the slowest pace in a decade last year. Expansion in the U.S. and Asia led Europe out of a contraction in the second quarter and has so far cushioned the effect of the euro's 20 percent appreciation against the dollar to exporters such as Volkswagen AG and Alcatel SA.
Germany's Federal Statistics Office will release the GDP report at 8 a.m. in Wiesbaden. France's statistics office, Insee, will publish its figures at 8:45 a.m. in Paris. From a year ago, the German economy may have grown 0.1 percent after contracting 0.2 percent in the previous three months. The estimates won't provide a breakdown on components of GDP.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »