World Economy

German Economy Taking Off

German Economy Taking OffGerman Economy Taking Off

Following a slowdown in 2014, there is more evidence gathering that the German economy is really gaining momentum, reported. Surveys across the board, such as ifo, PMI, ZEW and consumer confidence, are moving higher and factory orders for December showed a sharp increase, putting the trend on the steepest path in three years. Foreign orders in particular were very strong, signaling that the significant depreciation of the euro and decent growth in export markets such as the US and UK are underpinning exports. German export orders to other eurozone countries were also strong, suggesting that the strong recovery in, for example, Spain, is also having a positive impact on Germany.