Excellent news for the German economy that grows beyond forecasts. According to estimates by the German statistics office Destatis, the GDP of Germany has registered a 1,5% growth rate in 2014 demonstrating that the economy is in good health, thanks mainly to strong domestic demand.
A notable leap for Berlin's economy given that in 2013 the GDP had stopped at +0,1% and in 2012 at +0,4%. Germany concludes 2014 with an acceleration of economic growth, even surpassing the forecasts of the Government which assumed an increase of 1,2%.
Positive news also from France which communicates that it has cut, in 2014, state expenses for the first time in years, respecting the public deficit target, as announced by the finance minister, Michel Fir.
Preliminary data released by the Finance Ministry show that the state budget was cut last year to 85,6 billion euros (3,4 billion less) than previous estimates.
"It is the first time that the control and cutting of state spending has been significantly translated into action", says Minister Sapin who adds: "At this point we are confident of an estimate of public deficit-GDP ratio of 4,4%".
