The German economy ends up as 2014 – Terra Colombia

The German economy ends up as 2014 – Terra Colombia

The German economy ended last year in good shape with better growth than originally announced, up 1.6%, not 1.5%, a figure well above average in the euro zone, and that bodes good 2015.

A mid-January, the statistics office Destatis vaguely estimated at “a quarter point” the Gross Domestic Product (GDP) German in the fourth quarter of 2014. Finally, growth in those three months was 0.7% compared to the previous three, thanks to a strong domestic consumption, as explained in a statement.

“It’s much better than I had anticipated economists” underlines one, Jörg Krämer, Commerzbank, which states that a correction of this magnitude is unusual.

To explain the difference, analysts cite a possible help from the clement weather of December, I could have stimulated investment in the construction sector.

In any case, “the German economy has proved really strong in the fourth quarter,” says Krämer.

In this context, precisely supported by the German economy, economic growth in the Eurozone was slightly better than expected in 2014, thanks to a fourth quarter that exceeded expectations.

In the quarter October- December, Eurozone GDP increased 0.3% after a 0.2% do so in the previous quarter.

With this, the growth in the whole of 2014 was 0 9% in the Eurozone, one tenth higher than predicted by the European Commission.

After a sluggish growth of just 0.1% in 2013, Germany began a good start in 2014 with growth of 0, 8% in the first quarter.

The first European economy slowed in boreal spring and summer, with a slight decrease of 0.1% in the second quarter, followed by an increase in GDP of 0 1% in the third quarter.

“The economic situation stabilized at the end of the year,” said Destatis.

By 2015, the German government expects an economic growth of 1, 5% confident in the strength of domestic consumption, which increasingly pushes economic activity of the country, supported mainly by exports so far.

It is a “clear signal that the fall in prices oil starts to work in the pockets of consumers “said Carsten Brzeski, chief economist at ING.

Thanks to its strong growth year-end, Germany confirms its status as the engine of the euro zone, and distance from France –segunda region– economy, which grew by only 0, 4% last year, due to a fall in investment by 1.6%, a key factor for growth.

However, sluggish investment is also one of the weaknesses attributed Germany, especially in political debates.

Many countries in the Eurozone Berlin ask that you make more investments with public money and stimulate private spending, the positive effects it can have on neighboring economies . of Germany