German economy shows signs of slowing
50 Euro Notes - European Central Bank by BlatantWorld.com
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
The eurozone economy is expected to stagnate in 2013, after shrinking by 0. 4% this year. And the broader European Union is expected to see a contraction of 0. 3% this year. Rising unemployment, higher taxes and reduced government spending will offset the positive effect of a gradual recovery in net exports from the 17 eurozone nations, the European Commission said in its latest economic forecasts. "Given the weak starting point, GDP in 2013 as a whole is projected to grow by only 0. 5% in the EU and to remain broadly stable in the euro area," it said, projecting eurozone GDP growth of just 0. 1% next year. The International Monetary Fund last month forecast eurozone growth of 0. 2% in 2013. Germany, Europe's biggest economy, no longer appears immune from the crisis engulfing some smaller members of the EU.
People:
Mario Draghi
Overall Sentiment: -0.0847196
Relevance: 0.673255
| Sentiment | Quote |
|---|---|
| -0.0516958 | "Germany has so far been largely insulated from some of the difficulties elsewhere in the euro area. But the latest data suggest that these developments are now starting to affect the German economy," Draghi said ... |
| -0.190664 | "Overall economic activity is weak and it is expected to remain weak in the near term. And the growth of money and credit are subdued," Draghi said, ... |
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Disambiguation: PoliticianReferences:
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Additional Info:
Organization: European Commission
Overall Sentiment: 0.080674
Relevance: 0.889633
Organization: European Union
Overall Sentiment: 0.101356
Relevance: 0.800524
Disambiguation: Location | Country | GovernmentalJurisdiction | MembershipOrganization | AwardWinnerReferences:
Organization: International Monetary Fund
Overall Sentiment: 0.036556
Relevance: 0.43914
Company: ECB
Overall Sentiment: -0.12878
Relevance: 0.583363
Country: Germany
Overall Sentiment: -0.026117
Relevance: 0.603494
Disambiguation: Location | GovernmentalJurisdictionReferences:
City: Frankfurt
Overall Sentiment: 0
Relevance: 0.378954
Disambiguation: References:
Continent: Europe
Overall Sentiment: 0.0386976
Relevance: 0.361551
Disambiguation: References:
FieldTerminology: GDP
Overall Sentiment: 0.0513461
Relevance: 0.822134
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Provided Keywords:
Provided Title:
Webpage Provided Desc:
Source : Source
- crisis
- ecb
- economy
- european commission
- europes debt crisis
- eurozone
- Germany
- growth
- IMF
- indius
- industrial production
- inflation
- mario draghi
Provided Title:
German economy shows signs of slowing
Webpage Provided Desc:
Germany's economy has started to show signs of slowing, as Europe's debt crisis takes a toll on growth in the region's powerhouse, European officials said Wednesday.
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