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Micron Technology, Inc. Message Board

  • frankly_buying frankly_buying Aug 19, 2013 10:15 AM Flag

    Germany Sees Higher Growth

    Good for European recovery and business confidence....

    German Bundesbank sees higher growth

    Germany’s central bank has predicted the recovery in Europe’s biggest economy to continue for the rest of the year. The upswing, however, is driven by consumer and state spending rather than corporate investment.In the second half of 2013, economic expansion was likely to grow at normal and steady rates, Germany's Bundesbank said in its August report released Monday.Although it gave no exact growth prediction, the central bank saw gross domestic product (GDP) expanding by more or less the same rate as in the second quarter of the year, in which German economic output picked up by 0.7 percent. That followed stagnation in the first quarter.Monday's Bundesbank data suggested that growth was driven primarily by domestic demand, with consumer spending and public expenditure both rising.

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