News | Forex Optimum

News

News

German economy grew by 2.7% in 2021 – Destatis

Germany's Federal Statistics Office, Destatis, in its latest report, showed that the economy expanded by 2.7% YoY in 2021.

Key takeaways

German economy recovering despite continuing pandemic and delivery bottlenecks.

Measured as a percentage of nominal GDP, there was a 4.3% deficit ratio of general government for 2021.

Q4 GDP likely shrank between 0.5 and 1.0 percentage points QoQ.

Dr. Georg Thiel, President of the Federal Statistical Office, “Despite the continuing pandemic situation, more delivery bottlenecks and material shortages, the German economy managed to recover from the sharp fall last year although the economic performance has not yet reached its pre-crisis level again.”

Related reads

  • German Economy Ministry: Inflation upwards trend to weaken noticeably from January
  • EUR/USD Forecast: 1.1530 aligns as next key resistance

You may also be interested:

06:57 24.01.2022
China delivers another rate cut, this time to 14-day reverse repos
China has delivered another rate cut with the People's Bank of China cutting the rate on 14-day reverse repo by 10 bps.  China’s recent cut of two key policy interest rates opened the door to more monetary easing actions ahead. This is despite the sentiment that the Federal Reserve will probably hike rates from March.  China cut the one-year medium-term lending facility rate and the seven-day reverse repurchase rate for the first time in almost
06:51 24.01.2022
USD/CHF Price Analysis: Corrective pullback eyes 0.9150 but bears keep reins
USD/CHF takes the bids to refresh intraday high, bounces off one-week low. Oscillators and bear cross favor sellers, fortnight-old descending trend line, key DMAs restrict short-term recovery. 78.6% Fibonacci retracement level limits immediate downside. USD/CHF consolidates recent losses around a one-week low, picking up bids to refresh daily high near 0.9138 amid early Monday morning in Europe. Even so, bear cross of the 50-DMA to the 100-DMA joins downbeat MACD and Momentum to keep
06:49 24.01.2022
USD/INR Price Analysis: Bulls moving in for prospects of a weekly correction
USD/INR bulls are on the move, but a wall of resistance lies ahead.  The bears are looking deeper into the picture that involves a bearish prospect in US 10-year yields.  The bulls could well be moving in for the kill soon considering the correction's depth and deceleration at the 38.2% Fibonacci retracement level which is acting as support, currently. USD/INR daily chart The bulls will look to a 75.20 target where the old structure falls in near prior resistance looking
Deposit
options
Trading
platform
download
Bonuses VIP