Germany To Avoid Recession

Germany To Avoid Recession.

Figures released last week confirmed that the Eurozone was firmly in recession with a 4th successive negative economic growth across the region.

The Germans have moved swiftly to counter this and bolster confidence in both its own economy and its ability to prop up the rest of Europe.

The German central bank, the Bundesbank, issued its monthly forecast for 2013 this week, suggesting that whilst the German economy slumped in the last three months of 2012, it will grow for 2013.

In our report last week, we wrote that the European Central Bank (ECB) expected Europe to contract by 0.3% for 2013, with

France potentially suffering.  The Bundesbank suggests that whilst overall the German economy grew in 2012, its slow down of 0.6% in the last quarter, basically halved its overall growth in 2012.

Europe will wait with baited breath for figures for the first three months, Europe needs a strong Germany and trouble may lie ahead.  We have always maintained that the European problem is not solved.

• Debt is still there
• Germany is owed €billions
• Debt ridden countries ability to pay is still in question.

Back to: News Home