Germany Re-emerges As Europe's Economic Locomotive
Germany's economy has steamed into 2007 with the release of a slew of better-than-expected data underscoring the country's re-emergence as Europe's economic locomotive. Coming in the wake of stronger-than-forecast production, industrial orders and jobless figures, Germany's statistics office said Tuesday that exports from Europe's biggest economy jumped by 1.9 per cent month-on-month in February to produce an annual rise of 10.9 per cent.
"Everything suggests we should be in for a good 2007," said Guillaume Menuet, European economist with Merrill Lynch.
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