Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 29, 2012 10:47:16

Germany - Unemployment rose in November for the eighth time in a row, but less than expected


The number of unemployed in Germany rose in November, according to the local statistical office of 5000 to a total of 2.94 million people. The market on average estimated growth of 16 000th
The seasonally adjusted unemployment rate remained flat at 6.9%.

Analysts evaluate data presented positively, because only a small increase in the number of unemployed suggests only a slight worsening of the economic situation in the country.

The EC estimates that German GDP this year and next year will grow both by 0.8%. The entire eurozone economy this year will fall by 0.4% next year and is expected to grow by 0.1%.
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