This article talks about a fall in business confidence in Germany for the second consecutive month. The business confidence level fell from 106.7 to 104.4. This survey had an effect on the value of the euro as it fell against the dollar to the lowest value in three weeks. The recent financial crisis in Cyprus and other factors which include the worries in the economic growth of china have shown how weak the global economy is.
Some of the major German companies have also posted a fall in sales and the impact that the Cyprus crisis and the bailout has had on Germany and the world;d is enormous and has lowered business confidence. Financial stimulus would have to be considered if this keeps going on, to make sure that business confidence is restored.
http://www.bbc.co.uk/news/business-22278148
Some of the major German companies have also posted a fall in sales and the impact that the Cyprus crisis and the bailout has had on Germany and the world;d is enormous and has lowered business confidence. Financial stimulus would have to be considered if this keeps going on, to make sure that business confidence is restored.
http://www.bbc.co.uk/news/business-22278148
The fact that we are seeing this fall in business is not a good sign of our economy recovering. Germany might just need some time to recover.
ReplyDeleteI am not surprised to hear the German business confidence continues to fall. There is too much instability across the globe right now for peace of mind. It is a constant worry of Europeans and will continue to be for atleast another year.
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