Check with seller however Cheap Nike Air Max 90

Published date: March 12, 2018

BERLIN Cheap Nike Air Max Womens , Sept. 26 (Xinhua) -- Confidence in German economic prospect is fading due to weak global growth and geopolitical tensions, as recent surveys showed on Friday.


German consumers, enterprises, investors and economists agreed increasingly that German economy, the largest one in Europe, was losing momentum and might miss its growth target this year.


Market research institute GfK said on Friday that its forward-looking indicator for German consumer morale for October was expected to drop for the second consecutive month.


Consumers' confidence in economic outlook in September Cheap Air Max 95 Womens , as well as their income expectations and willingness to buy, also worsened, found the GfK's survey based on 2000 interviews.


"According to consumers, the ongoing tense geopolitical situation and economic weakness in a number of eurozone countries are likely to have a greater impact on the German economy in future," said the institute in a statement, adding that "the first signs of uncertainty are beginning to show among German consumers".


On Thursday Cheap Air Max 90 Womens , Ifo, the economic think tank in Munich, also found German companies were no longer confident that German economy would grow strongly in the second half of the year, as its business climate index in September dropped to its lowest level since April 2013.


"The economic climate is still characterized by great uncertainty. The risk of a sanction spiral with Russia continues to exist and economic activity in the eurozone remains disappointing," said Clemens Fuest, president of Center for European Economic Research (ZEW) in Mannheim earlier this month.


ZEW's index for investors' confidence Cheap Air Max Womens , another important indicator for economic outlook, decreased for the ninth consecutive month in September.


Confidence is important for an economy, as it would affect economic decisions and activities in the future.


"Should the crises escalate further, a deterioration in the general conditions in Germany, which have so far remained excellent, cannot be ruled out. In this case Cheap Nike Air Max 95 , there is a danger that private consumption would no longer fulfill its role as a key pillar of the German economy," said GfK in its Friday report.


In the second quarter of 2014, Germany's gross domestic product (GDP) contracted by 0.2 percent, following a growth of 0.7 percent during the three months from January to March. Consumption was the only positive contributor for GDP growth, according to German Federal Statistical Office.


German government currently forecast economy to expand by 1.8 percent this year and by 2 percent in the next. Economists, however Cheap Nike Air Max 90 , were less optimistic.


Last week, Berlin-based German Institute for Economic Research (DIW) cut its forecast for German economic growth in 2014 to 1.5 percent, referring to weak world economy, poor eurozone performance, as well as uncertainties due to Ukraine crisis, which was expected to dampen foreign trade and investment.

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