Word: germanic
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Dates: during 1990-1999
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...organization now predicts the Japanese economy will expand 0.8% in 1994 -- last year it grew 0.1% -- and the European Union 1.9%, vs. a drop of 0.3% in 1993. In a welcome note of optimism, last week the ever cautious Bundesbank declared that the "recessionary tendencies in the West German economy appear to have been overcome...
...fifth straight year of red ink. Nowhere is the trend more critical than in Germany, which has long dominated the European economy both in weakness and in health. For the previous 24 months that influence has been negative. Then earlier this month Bonn reported that the West German economy, after its worst recession in 40 years, expanded at a 2.1% annual rate for the opening quarter of 1994, as compared with the same period last year. This was the first such gain since 1992. The government also forecast a 1.8% increase in Germany's G.D.P. for this year...
Becker's view may be optimistic, but German exports are once again climbing, pushing the expansion ahead: exports last month were up 13% over May 1993. The increase was particularly surprising in light of Germany's relatively strong currency and high labor costs. The most impressive performers include chemicals and communications equipment manufacturers, with the most important destinations being Britain and the U.S. After a serious bout of corporate restructuring and streamlining, German goods are now more competitive on world markets...
...would make no further rate cuts "for some time," but that announcement exacerbated worries that inflation might be poised for a comeback. European bond-market investors have already bid up long-term interest rates appreciably. Ten-year French bonds now yield 7.6%, more than 5.6% in mid-January, and German bonds yield 7.1%, up from 1.6% in April. Many economists nonetheless argue that the Bundesbank is overstating matters and that prices are well under control. The E.U. expects the average inflation rate among members to fall from 3.3% this year to 2.9% in 1995, with the O.E.C.D. forecasting a modest...
...Bosnia two men have been tried for murder and rape, and authorities in Belgrade have sentenced a Serb to death for killing 16 Muslim civilians. Alleged war criminals have been arrested in Germany and Denmark, and France is investigating charges brought by five Muslims against Bosnian Serbs. The German case against a Serb named Dusan Tadic, 38, arrested in February, will go to trial in Germany or before the Hague tribunal...