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Dec 13, 2012

Germany’s Ifo nearly halves 2013 growth forecast

BERLIN, Dec 13 (Reuters) – German economic think tank Ifo on
Thursday nearly halved its forecast for 2013 growth in Europe’s
largest economy to 0.7 percent but said domestic demand would
help it pick up next year after a brief contraction this
quarter.

Ifo said it was cutting its forecast from its June estimate
of 1.3 percent growth as the euro zone’s debt crisis had hit the
economy later than expected, delaying the recovery.

Nov 30, 2012

German retail sales fall more than expected in Oct

BERLIN, Nov 30 (Reuters) – A bigger than expected drop in
German October retail sales dented hopes on Friday that private
consumption could compensate for the impact of the euro zone
crisis on export activity in Europe’s largest economy.

The notoriously volatile retail indicator was down 2.8
percent on the month in real terms and 0.8 percent on an annual
basis, preliminary data showed on Friday. Economists polled by
Reuters had forecast retail sales would fall by 0.2 percent on
the month and gain 1.2 percent on the year.

Nov 28, 2012

Fed’s Evans wants more easing, Fisher wants limits

TORONTO/BERLIN Nov 27 (Reuters) – Deep divisions at the
Federal Reserve were on display on Tuesday, just two weeks
before the U.S. central bank’s next policy-setting meeting, with
one top Fed official pushing for more easing, and another
advocating limits.

The divide underscores the hurdles Fed Chairman Ben Bernanke
faces as he tries to win consensus among his fellow policymakers
on the central bank’s sometimes controversial efforts to bring
down the nation’s lofty unemployment rate, which registered 7.9
percent last month.

Nov 25, 2012

German Pirates Party struggles to define policy and stay afloat

BOCHUM, Germany (Reuters) – Germany’s fast-sinking Pirates Party struggled to overcome infighting at a congress that ended on Sunday and chart a course for next year’s federal elections that may see it cast into political oblivion as swiftly as it arrived.

Support for the Pirates, who surprisingly won seats in four states over the past year, has shrunk to around a quarter of its peak. Their demise could help the centre left recover enough votes to oust conservative Chancellor Angela Merkel.

Nov 24, 2012

German Pirate party apologizes for leadership shipwreck

BOCHUM, Germany (Reuters) – The leader of Germany’s Pirates, whose shock success in four state elections thrust it onto the political stage, apologized on Saturday for the fierce infighting that has contributed to a plunge in popularity and called for unity.

The Pirates have seen support drop from 13 percent six months ago to under 5 percent now, the threshold needed for it to enter parliament at next year’s federal election.

Nov 14, 2012

Insight: The Mittelstand – one German product that may not be exportable

BERLIN (Reuters) – Philipp Klais, who runs the organ manufacturer in Bonn that his great-grandfather founded in 1882, gets requests every week from foreign officials as far away as Korea to visit his company. This baffles him.

“They want to find the secret to our success,” said Klais, whose organs stand in concert halls and churches from Taiwan to Argentina, as well as in Germany. “But we don’t see any, we just do what we do, and have been doing for the past 130 years.”

Nov 14, 2012

The Mittelstand: one German product that may not be exportable

BERLIN, Nov 14 (Reuters) – Philipp Klais, who runs the organ
manufacturer in Bonn that his great-grandfather founded in 1882,
gets requests every week from foreign officials as far away as
Korea to visit his company. This baffles him.

“They want to find the secret to our success,” said Klais,
whose organs stand in concert halls and churches from Taiwan to
Argentina, as well as in Germany. “But we don’t see any, we just
do what we do, and have been doing for the past 130 years.”

Nov 10, 2012

Greens nominate duo to spearhead 2013 election campaign

BERLIN (Reuters) – Germany’s Greens on Saturday elected a former environment minister and an east German Lutheran to spearhead their campaign for next year’s federal elections, when they have solid chances of returning to government.

The two campaign leaders reflect the broadening appeal of Germany’s third largest party beyond left-wing eco-warriors to more centrist voters, posing a threat to the two larger parties and especially to Chancellor Angela Merkel’s conservatives.

Nov 8, 2012

German exports fall as euro zone demand shrivels

BERLIN (Reuters) – German exports slid in September at the fastest pace since late last year, hit by declining demand among its crisis-wracked euro zone trading partners.

Imports also fell, adding to evidence that the crisis is inflicting a heavy toll on the currency bloc’s largest economy.

Nov 7, 2012

German industry sputters as euro zone crisis weighs

BERLIN (Reuters) – German manufacturing, the locomotive of Europe’s largest economy, is running out of steam three years into the euro zone debt crisis, which has clobbered orders and output.

Data on Wednesday showed output slid by 1.8 percent on the month in September, more than forecast and the sharpest drop since April. A day earlier, data had shown industrial orders fell 3.3 percent month-on-month in September.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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