Monday, May 9, 2011

German economy on expansion course

German Exports Surged to Record $141.4 Billion in March, Boosting Growth

German exports surged in March to the highest monthly value ever recorded, boosting growth in Europe’s largest economy...
Germany’s economic recovery is broadening as companies boost investment and hiring to meet booming export demand from emerging Asia. The economy may have expanded as much as 1 percent in the first three months of the year and may maintain its growth momentum in the current quarter...
“In times of investment catching up in the emerging world, infrastructure renewals in the western world and a general shift of energy policies toward alternative and renewable energies, German industry simply offers the right mix,” said Carsten Brzeski, senior economist at ING Group in Brussels...
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Comment: It won't take long and the German expansion will be felt in many other economies of the eurozone, even in Greece. AS long as the German economy power along, the default risk of Portugal, Spain and Italy are nill and Ireland will get a strong boost anyway.

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