Tuesday, April 9, 2013

US Treasury Secretary Jack Lew calls for demand boost

This article talks about the US Treasury Secretary Jack Lew who has countries with the ability to grow to boost the economic growth through an increase in consumer demand. This was said after talks were held with the German Finance minister Wolfgang Schaeuble. The German economy is the euro zones largest economy and its weakening would have a drastic effect on the Euro zone.

The German exports were down by 1.5 % and the imports were down by 4% , this implied that there was a weakness in the German demand at home. As Germany is one if the strongest export figures in the euro zone and a fall in its exports shows a sign of weakening in the German economy.

http://www.bbc.co.uk/news/business-22079217

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