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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (7795)	2/12/2004 2:12:47 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 110194

German Economy Grew Less Than Expected 0.2% in Fourth Quarter Feb. 12 (Bloomberg) -- Germany's economy, Europe's largest, grew less than expected last quarter from the previous three-month period as imports rose more than exports following the euro's appreciation. German gross domestic product expanded 0.2 percent, the same rate as in the third quarter, the Federal Statistics Office in Wiesbaden said. Economists expected an increase of 0.3 percent, according to the median of 34 forecasts in a Bloomberg News survey. ``Germany is coming out, but coming out very slowly from recession,'' said Rajeev de Mello, who manages the equivalent of $7.6 billion in European bonds at Pictet & Cie. in Geneva. quote.bloomberg.com German Metal Workers Negotiate 2.2% Pay Increase (Update2) Feb. 12 (Bloomberg) -- German metal, electronics and car workers in the state of Baden-Wuerttemberg won a 2.2 percent wage increase starting in March, averting a nationwide strike at companies including DaimlerChrysler AG and Porsche AG. Wages will also rise 2.7 percent from March 2005, the Suedwestmetall employers group and the IG Metall union said. The contracts last for 26 months and the pay increases compare with an inflation rate in Germany of around 1.2 percent. IG Metall, Germany's second-largest union, agreed to allow employers to extend working hours in some companies without extra pay. quote.bloomberg.com