2023-01-25 12:30:06

Germany Sees Brighter Outlook for Europe's Largest Economy

Logo U.S. News & World Report
U.S. News & World Report
By Associated Press

FRANKFURT, Germany (AP) The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe's largest economy manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs.

The outlook improved to an 0.2% expansion from a 0.4% contraction expected in October, when Germany feared that this winter it would run out of natural gas used to power factories, generate electricity and heat homes. Warmer-than-usual weather helped, as did a scramble to line up additional supplies of liquefied natural gas, or LNG, that comes by ship instead of pipeline from Russia.

Continue read on usnews.com

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 10:04:00
Germany's business confidence improved as expected at the start of the year to the strongest level in seven months, as companies were considerably less...

Logo CNBC
EconomyBy Jenni Reid2023-01-25 12:44:15
Key Points German business sentiment rose in January, while manufacturing firms signaled improved present satisfaction and future optimism, according to a...

Logo RTTNews
EconomyBy Renju Jaya2023-01-23 13:16:08
The German economy is likely to have roughly stagnated in the final quarter of 2022, Bundesbank said in its monthly report, released Monday. High inflation...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-24 14:12:08
Germany's private sector downturn softened to a stable footing at the start of the year amid a moderation in price pressures along with a renewed positive...

Logo Bloomberg
PoliticsBy Arne Delfs2023-01-18 15:28:49
German Chancellor Olaf Scholz came with an upbeat message to the World Economic Forum in Davos: Europe’s biggest economy is back, after being painfully cut...

Logo The Economist
Business / FinanceBy The Economist2023-01-24 20:02:33
L ast year markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kongs Hang Seng and a broad measure of...

Logo RTTNews
EconomyBy Renju Jaya2023-01-24 06:54:34
Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 2.00 am ET, the Office for National...

Logo CTV News
Business / FinanceBy The Canadian Press2023-01-25 12:28:32
OTTAWA - Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn't a...

Logo The Economist
Business / FinanceBy The Economist2023-01-24 20:02:33
L ast year markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kongs Hang Seng and a broad measure of...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-24 16:40:58
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide NEW...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 12:43:12
Earnings results might be the focus on Wednesday. IBM, Steel Dynamics, and Tesla will be reporting their quarterly results after the bell. As the Ukraine war...

Logo Nasdaq
Business / FinanceBy Market Insite2023-01-24 14:50:31
SECTOR COMMENTARY: The energy sector is pointing to a mixed to higher start, backed by moderate strength in the crude complex but pressured by weakness in...

Logo CNBC
EconomyBy Jenni Reid2023-01-24 14:13:56
Key Points More than a million British households and businesses are being offered cash incentives to cut their energy consumption during peak times, even as...

Logo RealWire
Magnit’s Winter 2023 Europe Labour Market Report reveals key market trends that are creating a volatile landscape and driving organisations to adopt a...

Logo EIN Presswire
DataM Intelligence Market Intelligence report on Green Hydrogen Market by DataM Intelligence identifies a USD 200 billion opportunity by 2027 and estimates a...

Logo PR Newswire
LONDON, Jan. 25, 2023 /PRNewswire/ -- Asia can defy a global economic slowdown in 2023 through an acceleration in digital transformation, greater regional...

Logo Global News
PoliticsBy Sean Boynton2023-01-24 22:16:41
Deputy Prime Minister and Finance Minister Chrystia Freeland on Tuesday underscored the importance of helping Ukraine win its fight against Russia’s invasion...

Logo POLITICO
Business / Finance2023-01-25 09:37:41
The war on inflation may be far from over, but the economy has reached a key, little-noticed milestone: Workers wage gains are finally outpacing the rise in...

Logo The Guardian
PoliticsBy Phillip Inman2023-01-25 12:42:03
The governments economic forecaster has cut its prediction for UK growth this year, limiting the Treasurys spending firepower in the forthcoming budget,...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-01-25 01:00:17
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn...