Exports help boost German economy

Exports help boost German economy

Exports helped to propel the German economy to 0.4% growth in the fourth quarter while domestic demand dropped, underlining concerns that Europe’s largest economy is relying too heavily on foreign trade.

The Federal Statistical Office said today that exports accounted for 1.1 percentage points of fourth-quarter 2013 gross domestic product, while domestic demand subtracted 0.7 percentage points.

In the same report, the office confirmed its preliminary report from earlier this month that the economy grew a seasonally adjusted 0.4% in the fourth quarter and also 0.4% overall in 2013.

Germany’s trade surplus hit a record high in 2013, underscoring criticism from the US, the International Monetary Fund and others that it is relying too heavily on exports and not doing enough to encourage domestic demand.

More in this Section

Survey finds huge drop last year in firms leasing flexible office space in DublinSurvey finds huge drop last year in firms leasing flexible office space in Dublin

Business leaders warn of workers shortage in NI under new UK immigration rulesBusiness leaders warn of workers shortage in NI under new UK immigration rules

Investor BGF opens Cork office to target Munster firmsInvestor BGF opens Cork office to target Munster firms

Ryanair appeals jury’s decisionRyanair appeals jury’s decision


Lifestyle

Not all trends are created equal. Some are exciting – like first-date butterflies; others are comforting – like ice-cream and Golden Girls reruns.Trend of the Week: Floral free for all

Veterinary medicine is a demanding career, leading to mental health problems for some vets.Elephant in the clinic: Helpline offers support to vets with mental health difficulties

Bonnie Ryan couldn’t be happier.On a roll: Why Bonnie Ryan couldn't be happier

From Ireland to America and fashion to homeswares, designer Helen James is developing interiors products for the high street with an emphasis on sustainability, beauty and function, writes Carol O’CallaghanConsider this: Meet Helen James

More From The Irish Examiner