While you were sleeping Germany's signs of recovery

Mon, 21 Jan 2013

By Margreet Dietz Jan 22 (BusinessDesk) - Equities in Europe advanced as Germany's central bank said the nation's economy is showing signs of recovery in the first quarter of the year. "The largely stable labour market and a better outlook for output suggest that the economic weakness won’t last all that long,” according to the Bundesbank in its monthly report released today. The bank forecasts the economy to grow 0.4 percent in 2013 year and 1.9 percent in 2014. Europe's largest economy contracted 0.5 percent in the fourth quarter of 2012,...

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