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No sustained recovery on horizon for German economy -econ min
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BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as new orders and
BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as new orders and business climate, the economy ministry said on Monday.
“On the domestic front, the expected cautious recovery in private consumption, services and investment is showing the first signs of hope, which are likely to strengthen as the year progresses,” said the ministry in its monthly report.
“At the same time, the still weak external demand, the continuing geopolitical uncertainties, the still high rates of price increases and the increasingly noticeable effects of monetary tightening are dampening a stronger economic recovery.”
(Writing by Miranda Murray, Editing by Rachel More)
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.
Monetary policy is the process by which a central bank manages the supply of money, often through interest rates, to achieve specific economic objectives such as controlling inflation and stabilizing currency.
Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives, facilitating the exchange of capital and liquidity.
European economies refer to the economic systems of countries within Europe, characterized by varying levels of industrialization, economic policies, and integration within the European Union.
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