BERLIN, Nov 2 (Reuters) - Germany is better placed than most of its peers to cope with the deterioration in the global economic environment, Finance Minister Peer Steinbrueck said in a newspaper interview released on Sunday.
'Germany is better positioned than most of our competitors around us,' Steinbrueck told the Hamburger Abendblatt in an advanced release of an interview to run in its Monday edition.
But he added: 'We are experiencing a clear downward development in the real economy.'
The German economy contracted in the second quarter and a government official told Reuters on Friday that gross domestic product (GDP) probably contracted by 0.25 percent in the July-September period, which would put Germany in recession.
(Writing by Paul Carrel, editing by Richard Chang)
((paul.carrel@reuters.com; +49 30 2888 5214; Reuters Messaging: paul.carrel.reuters.com@reuters.net)) Keywords: GERMANY ECONOMY/STEINBRUECK
BERLIN, Nov 2 (Reuters) - Germany is better placed than most of its peers to cope with the deterioration in the global economic environment, Finance Minister Peer Steinbrueck said in a newspaper interview released on Sunday.
'Germany is better positioned than most of our competitors around us,' Steinbrueck told the Hamburger Abendblatt in an advanced release of an interview to run in its Monday edition.
But he added: 'We are experiencing a clear downward development in the real economy.'
The German economy contracted in the second quarter and a government official told Reuters on Friday that gross domestic product (GDP) probably contracted by 0.25 percent in the July-September period, which would put Germany in recession.
(Writing by Paul Carrel, editing by Richard Chang) Keywords: GERMANY ECONOMY/STEINBRUECK (paul.carrel@reuters.com; +49 30 2888 5214; Reuters Messaging: paul.carrel.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'Germany is better positioned than most of our competitors around us,' Steinbrueck told the Hamburger Abendblatt in an advanced release of an interview to run in its Monday edition.
But he added: 'We are experiencing a clear downward development in the real economy.'
The German economy contracted in the second quarter and a government official told Reuters on Friday that gross domestic product (GDP) probably contracted by 0.25 percent in the July-September period, which would put Germany in recession.
(Writing by Paul Carrel, editing by Richard Chang)
((paul.carrel@reuters.com; +49 30 2888 5214; Reuters Messaging: paul.carrel.reuters.com@reuters.net)) Keywords: GERMANY ECONOMY/STEINBRUECK
BERLIN, Nov 2 (Reuters) - Germany is better placed than most of its peers to cope with the deterioration in the global economic environment, Finance Minister Peer Steinbrueck said in a newspaper interview released on Sunday.
'Germany is better positioned than most of our competitors around us,' Steinbrueck told the Hamburger Abendblatt in an advanced release of an interview to run in its Monday edition.
But he added: 'We are experiencing a clear downward development in the real economy.'
The German economy contracted in the second quarter and a government official told Reuters on Friday that gross domestic product (GDP) probably contracted by 0.25 percent in the July-September period, which would put Germany in recession.
(Writing by Paul Carrel, editing by Richard Chang) Keywords: GERMANY ECONOMY/STEINBRUECK (paul.carrel@reuters.com; +49 30 2888 5214; Reuters Messaging: paul.carrel.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.