Germany GDP unexpected boost
Germany GDP growth rose by 0.7% in last year’s Q4 period, much stronger than predicted, leaving slowing France with 0.1%.
This suggests that euro-area recovery is still facing irregularity while the European Central Bank is all set to unlimited monetary easing.
The 7th consecutive years of global economic crisis are still being accentuated with the steady food and energy plunging prices.
Germany’s surprise surge seemed to have been driven by robust domestic demands, with imports and export increasing sharply.
According to the Bundesbank, hit by a ‘weak phase’ earlier, the German economy strengthened again from more consumer spending accelerated by declining oil prices and increase in wages.
Daimler AG, the world’s largest German automaker to BMW AG and Volkswagen AG recorded a 10% rise in the last Q4 profit.
Furthermore, the German current-account surplus is estimated to 215.3 billion euro in 2014.
The French and Greek economies also showed some signs of encouragement, triggered by an increase in consumption over the euro zone.