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Germany’s economy grew just 0.4% in 2013, but better expected for 2014 – economy

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1 year ago

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Germany’s economic growth was weaker than expected last year.
…

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http://www.euronews.com/2014/01/15/germany-s-economy-grew-just-04-percent-in-2013-but-better-expected-for-2014
Germany’s economic growth was weaker than expected last year.

GDP expanded by just 0.4 percent compared with 2012.

That was its worst performance since 2009, in the depths of the global financial crisis.

In one positive sign there was stronger domestic demand, but the weaker global economy and the troubles of the eurozone continued to take a toll.

Exports were flat but it is expected trade will support the economy this year as growth in Germany’s key trading partners picks up.

Analyst Robert Halver from Baader Bank said: “The future looks brighter, meaning the forecasts for the world economy are better than expected. And that’s great for German companies’ shares which do have that export potential.”

Growth is expected to improve this year, helped by exports, rising domestic consumption and a recovery in investment by German companies.

Forecasts are for GDP expansion of between 1.2 and 2.0 percent.

“Under the surface of below-trend growth, the economic success story continued as unemployment remained low… Private consumption continued its upward trend and even investment showed first signs of life,” said Carsten Brzeski at ING.

“With the improved global economic outlook, filled order books, low inventories and the stable labour market, all the ingredients for another strong growth performance of the German economy are there,” he said.

The euro zone is also showing signs of recovery. Data this week showed industrial production in the currency bloc rose in November at its fastest pace in nearly four years, but some states, including its second largest economy France, are still struggling.

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Trump: Negotiations with Iran going ‘very well,’ deal could happen ‘over the weekend’

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2 hours ago

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June 9, 2026

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Latest news bulletin | June 6th, 2026 – Evening

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3 hours ago

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June 9, 2026

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Latest news bulletin | June 6th, 2026 – Evening

Catch up with the most important stories from around Europe and beyond this June 6th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/06/06/latest-news-bulletin-june-6th-2026-evening

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Osram shares not so bright – economy

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4 hours ago

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June 9, 2026

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Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on…

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http://www.euronews.com/2013/07/08/osram-shares-not-so-bright
Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on Monday for a photo-op connected with its IPO, but the newly floated shares did not behave bullishly.

Eighty percent of the company is being spun off by its owner, engineering group Siemens.

The shares went on sale in the initial public offering at 24 euros each, but – for mostly technical reasons – slipped slightly when they started trading.

However chief executive Wolfgang Dehen was upbeat: “It’s a great market: the market for LED lights is set to grow 20 percent over the next 10 years, so there’s great potential for us. We’ve been in the LED market for 40 years and we are one of the companies that’s had a lot of influence on the market, and we will continue to do so.”

*’Snapshot’*

Osram’s finance chief Klaus Patzak was also unfazed by the price slide saying: “That is just a snapshot, the share price and the valuation will settle over the coming weeks.”

Monday’s share price decline had been on the cards as mutual funds whose investment guidelines limit them to blue-chip stocks in Germany’s DAX index have to sell their stock.

Osram had said last month in its listing prospectus that the listing could be accompanied by “considerable selling pressure”.

US owners of Siemens shares in the form of American Depositary Receipts (ADRs) are also not be able to keep the Osram shares, because the depositary banks are forced to sell the new shares and give the proceeds to the owners.

*Boost to Siemens*

Siemens’ shares rose as investors saw the shedding of loss-making Osram as a positive .

The world’s second-biggest lighting maker is restructuring, cutting 8,000 jobs by next year and closing 10 out of 43 factories.

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Henry Nowak Case: The Truth vs Rumors

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5 hours ago

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June 9, 2026

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Police officers forced into hiding, manipulated images and disputed claims about the weapon used to murder 18-year-old student Henry Nowak are all part of a wave of misinformation surrounding the case.

#TheCube has the story.

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Are Russian Embassies Used To Spy On Europe?

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8 hours ago

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June 9, 2026

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Austria has expelled three Russian diplomats after accusing Moscow of using diplomatic cover for espionage activities in Vienna.

#TheCube has explains the story of how so-called “antenna forests” deployed at Russian embassies across Europe are being used to spy on Europe.

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