34265
Germans Spending More
World Economy

Germans Spending More

Record high employment, historically low interest rates and low inflation boosted Germany’s economic growth in 2015, the Federal Statistics Office has reported, DW said. Those factors had one common effect: People were spending more. The German economy expanded by 1.7% in 2015, a rate of growth not experienced since 2011, it said on Thursday. Consumer spending was the big driver behind the boost, rising by 1.9% on the year, statisticians and analysts said. Not only were more people able to find or keep jobs, prices did not go up as quickly as they normally do. This combination emboldened consumers to open their wallets and thus, stimulate business.

 

Short URL : http://goo.gl/ke1WVK
  1. http://goo.gl/yrnDC1
  • http://goo.gl/9givG6
  • http://goo.gl/AG0Kcw
  • http://goo.gl/kSj112
  • http://goo.gl/eXGpeZ

You can also read ...

India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
All Asian currencies have declined this year in the fallout from the US-China trade war.
Don’t be fooled as Asian currency swings seemed to be...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...

Trending

Googleplus