BDI Economic Report supports sentiment of German Economy recovery process

06/05/2013

Sovereign debt and banking crisis are back again on the agenda for European Countries resulting in new uncertainties and slow growth in the European economies. Due to exports, domestic consumption, the general strong position of German companies and the faith in its financial health, the German economy hasn’t been affected of those slumps too largely. Yet new investments in Germany are rare and last year’s decline in economic growth was perceptible in its GDP balance. Thus, the newest BDI Economic Report findings were quite fortunately:  the industrial sector is receiving new orders, production and labor market seem strong and steady and the overall consumer sentiment seems to progress positively. The recovery trend seems to continue and economy is expected to pick up again latest by this summer. The full report can be found here.