Grateful 7 speech thanking everyone that has helped.pdf
Econchar Tgermany102009
1. German economy: Recovery visible, but tough headwinds remain The economy is recovering faster than expected, says German Association for Industries and Trade (DIHK) - Federal government is forecasting GDP growth of around 1.2% in 2010, after shrinking 5% in ’09 – Latest Bundesbank numbers on retail and manufacturing are indicating a rather fragile recovery Manufacturing output Retail turnover No convincing recovery so far 115 115 105 105 95 95 Index 2005=100 Index 2005=100 85 85 6/08 1/09 6/09 August 2008 to August 2009 Source: Deutsche Bundesbank Source: Deutsche Bundesbank Oct. 19, 2009 GAPA NEWS
