Berlin boasts surplus amidst falling business confidence


German Finance Minister Wolfgang Schaeuble reacts at the start of an EU Finance Ministers meeting in Brussels, Belgium, 15 January 2016.

The only sector looking up in Germany is construction, mainly due to the influx of migrants

Germany continues a policy of fiscal consolidation amidst declining business confidence, according to economic data released on Tuesday, February 23rd.

The biggest economy in the Eurozone enjoys record low unemployment, a surging budget surplus, but decelerating growth and a declining business confidence.

Record government surplus

Germany’s government budget surplus was the biggest in absolute and relative terms since its reunification, according to the national statistical service. Ger...

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