Germany’s export recovery prevented economy from contracting in Q4 of 2009; Budget deficit ratio in 2009 was 3.3% of GDP
Feb 24th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany's export recovery prevented the economy from contracting in the fourth quarter (Q4) of 2009, the federal statistics office, Destatis, said Wednesday. The budget deficit for 2009 was reported to have been 3.3% of GDP (gross domestic product)- - just above the Euro Growth and Stability Pact limit of 3%.