Detail Europe's Tired Engine; German Economy   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8798 (Aug. 2012), page 41-42. Topik: Economic Crisis; Eurozone Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.73 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Hopes are pinned on Germany as the locomotive that will keep chugging even as large parts of the euro zone go into recession. As long as Europe's biggest economy keeps growing, the argument goes, it can gradually pull others out of the mire. Figures released on August 14th duly showed that German GDP grew in the second quarter on the previous one, but only by 0.3%. That was better than in France (no growth at all), Spain (minus 0.4%) and Italy (minus 0.7%). Given its current weakness, can Germany continue to pull its neighbours along? Until the end of last year, German growth seemed to be gathering speed. Then some warning signs started to appear. The business-climate index of Ifo (Institute for Economic Research), which started falling in August 2011, has edged more or less persistently down. In July business expectations hit a low not seen since mid-2009. The Markit/BME purchasing managers' index, which measures the state of manufacturing, also started to fall last year; in July it too hit its lowest level since June 2009. This fall was reflected in a drop of 1.7% in new contracts won by German companies in June, compared with May--including a drop of 2.1% in domestic orders and of 4.9% in orders from the euro zone. "And we don't see the orders that were cancelled," points out Thomas Hune, an economist at the Federation of German Industries. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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