German Central Bank Forecasts Economic Growth In Next Two Years
"The outlook for the German economy has brightened perceptibly in recent months
. Supported by extensive monetary and fiscal policy stimuli, a process of recovery began in the second quarter of 2009 and is expected to continue over the next two years," the Bundesbank said.
Exports, investment and private consumption would probably become more important in pushing Europe's biggest economy forward, as the effects of government stimulus measures were likely to wane gradually, the central bank said.
The labor market response to the sharp economic contraction had been extremely subdued to date, it said, adding that an abrupt fall in employment was not to be expected for the next two years, either.
The labor market was more likely to face a long-term adjustment, it said. Overall, the official unemployment figure would rise from3.4 million this year to 3.8 million in 2010 and 4.2 million in 2011.
Accompanied with the moderate economic recovery, inflation would also increase slightly but remain at a low level.
On average, inflation was expected to rise by 0.9 percent in 2010 and 1.0 percent in 2011, compared with a 0.3 percent increase this year, the central bank said.
NEEDSEE will be always willing to work with businessmen from all over the world to promote a new business order to flourish the global e-commerce culture.
Join Needsee to what will happen!
That is amazing!
A new global e-commerce web can have a large space to develpo!
Also with both your business and your friendship!
by: Shirley
Are You Disgusted By How Much Money You Spend On Tobacco What You Should Know About Free Credit Counseling And Debt Counseling Services A Stock Investing System That Can Give 7 Figures In 2010? Build A Nest Egg With Real Estate Retirement Options. Unsecured Loans Bad Credit: Help For You In Battle With Problems Same Day Unsecured Loans: No Risk Just Gets The Help Come What May How A Simple Money Maker Can Become More Profitable How To Buy Investment Properties Horse Racing - Welsh National Preview Are You Ready To Invest In Foreclosures? Learn To Erase Risk In Day Trading Learning The Art Of Market Timing How To Prevent Home Foreclosure Basics