Declining of German industrial production in April
The economy of Germany , that has helped the eurozone in being out of recessions,came face to face with the problem of fall in the industrial production in the month of April.
Industrial production of the country came down by 2. 2 per cent in comparison to the previous month. This has been reported by the Economy Ministry. Along with this other official data was also chipped in order o confirm this very thing. In the first three months of the year 2012, the economy of the eurzone had hot zero per cent growth.
When a second estimation of the gross domestic product that is GDP was done, it also showed that til date there has been no growth as far as the wider 27-nation of European Union is concerned.
When the year 2011 was about to get over that is in the last three months, the economy of eurozone had also contracted. Thus when it is said that there has been zero growth, it simply means this region has been able to save itself from getting into the trouble of recession.
The Central Bank of Europe will be making an announcement about what decision has it taken on the rate of interest that is have there been any changes or not. However, it is expected that there are going to be no changes but still there are chances that the rates will be coming down in the second part of the year 2012.
it is quite possible that the zero growth in the eurozone that was experienced in the first three months of the year 2012, it can be mainly because of the reason that little growth in the economy of the country has also affected the growth elsewhere also.
The growth in the economy of Germany in the first three months was 0.5 per cent and on the other hand, the economy of Italy had shrunk by 0.8 per cent along with both Spain as well Cyprus experiencing a contraction of 0.3 per cent. There are no hurdles in spending the amount from the side of the money lender. There are no hurdles in spending the amount from the side of the money lender. loans for people with bad credit @ www.loansforpeoplewithbadcredithistory.org .uk have very flexible terms and conditions under this the repayment plan of the funds can be designed by the borrower according to its comfort.
Nevertheless, leaving all things apart, Germany which is the biggest economy of Europe could not achieve any kind industrial growth in the month of April.
The economy minister of Germany informed that the down fall of 2.2 per cent in the industrial production in comparison to the previous month has been pre-lead by a downfall of 3.6 per cent as far as production of capital goods such as machinery is concerned and a downfall of 3.7 percent in the case of consumer goods.
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