Andreas Scheuerle News
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The German economy grew more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand.
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German exports unexpectedly increased for a third month in March as demand from outside the euro region offset weaker sales in Europe.
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German retail sales rebounded in March as declining unemployment, slowing inflation and higher wages bolstered households’ purchasing power.
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Working his way through a plate of wild Alaskan halibut at a restaurant a couple of blocks from Radio City Music Hall in New York, UBS Securities LLC Chief Economist Maury Harris holds forth in a slight Texas twang on what he expects from the U.S. economy in 2012.
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German business confidence unexpectedly rose to an eight-month high in March, suggesting Europe’s largest economy will return to growth even as the sovereign debt crisis curbs euro-area demand for its exports.
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European industrial production declined in December led by a slump in Germany, adding to signs the region may have slipped into its second recession in three years.
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European confidence in the economic outlook dropped to the lowest in almost two years in October as the region’s economic slump deepened and leaders struggled to contain a worsening debt crisis.
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German unemployment dropped in July for a 25th straight month as company recruitment plans continued to hold up in the face of weakening global demand and Europe’s debt crisis.
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German workers are mobilizing to fight for a bigger share of the export-driven recovery , arguing that wage raises are necessary to spur consumer spending in Europe’s biggest economy, an IG Metall union leader said.
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Germany’s third-quarter economic rebound was driven by consumer and company spending even as the debt crisis threatened to drag the euro area into recession.
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