Photo: German Economic Slowdown and Euro
In Q4 2012, Germany’s GDP declined by 0.6%. Consequently, the Germany economy grew only 0.7% in 2012. For comparison sake, it boosted 3$ in 2011. The economic slowdown is going faster than expected.
The eurozone, which is the biggest outlet for German exporters, is currently suffering from recession. At the same time, the Chinese and US markets cannot make up for the European market.
Still, Germany was continuously fighting against the budget deficit in 2012. As a result, it managed to end the year with a 0.1% surplus.
Forex.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD.
Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
