AIRLINK 73.50 Decreased By ▼ -2.20 (-2.91%)
BOP 4.67 Decreased By ▼ -0.05 (-1.06%)
CNERGY 4.02 Decreased By ▼ -0.08 (-1.95%)
DFML 37.98 Decreased By ▼ -1.44 (-3.65%)
DGKC 87.40 Decreased By ▼ -1.20 (-1.35%)
FCCL 22.05 Decreased By ▼ -0.55 (-2.43%)
FFBL 29.85 Decreased By ▼ -0.55 (-1.81%)
FFL 9.18 Decreased By ▼ -0.04 (-0.43%)
GGL 9.86 Decreased By ▼ -0.16 (-1.6%)
HASCOL 6.18 Increased By ▲ 0.13 (2.15%)
HBL 105.39 Increased By ▲ 0.14 (0.13%)
HUBC 138.25 Increased By ▲ 0.01 (0.01%)
HUMNL 10.49 Decreased By ▼ -0.26 (-2.42%)
KEL 4.55 Decreased By ▼ -0.08 (-1.73%)
KOSM 3.99 Decreased By ▼ -0.25 (-5.9%)
MLCF 36.94 Decreased By ▼ -1.02 (-2.69%)
OGDC 119.68 Decreased By ▼ -1.72 (-1.42%)
PAEL 23.95 Decreased By ▼ -0.45 (-1.84%)
PIBTL 6.14 Decreased By ▼ -0.04 (-0.65%)
PPL 112.15 Decreased By ▼ -0.20 (-0.18%)
PRL 22.94 Decreased By ▼ -0.49 (-2.09%)
PTC 12.28 Decreased By ▼ -0.28 (-2.23%)
SEARL 57.35 Decreased By ▼ -1.35 (-2.3%)
SNGP 61.02 Decreased By ▼ -0.53 (-0.86%)
SSGC 9.60 Decreased By ▼ -0.24 (-2.44%)
TELE 7.67 Decreased By ▼ -0.15 (-1.92%)
TPLP 9.63 Decreased By ▼ -0.17 (-1.73%)
TRG 62.78 Decreased By ▼ -1.41 (-2.2%)
UNITY 26.80 No Change ▼ 0.00 (0%)
WTL 1.30 Decreased By ▼ -0.05 (-3.7%)
BR100 7,558 Decreased By -67.6 (-0.89%)
BR30 24,124 Decreased By -235.7 (-0.97%)
KSE100 72,681 Decreased By -571.9 (-0.78%)
KSE30 23,174 Decreased By -226.4 (-0.97%)

Germany's economy will probably expand by 1.5 percent this year but the country's labour market would remain a concern, German BDI industry federation chief Michael Rogowski was quoted as saying on Saturday.
In an interview to be published on Sunday, Germany's Welt am Sonntag newspaper quoted Rogowski as saying a recovery in Europe's largest economy was on its way.
"This year will reach a good 1.5 percent in growth. In 2005 maybe a bit more," he said.
His latest comments were slightly more upbeat than a previous forecast. In April, he said Germany would not get growth "beyond 1.5 percent" this year.
However, Rogwoski warned Germany's stubbornly high unemployment level would not change significantly unless there was a sustained pick-up in economic growth.
"For us to really feel a recovery, for things to pick up on the labour market, we would need growth rates of three percent and more," he said.
More than one in 10 Germans are out of work. In April, the seasonally adjusted jobless total rose by 23,000 from March to 4.367 million. The Federal Labour Office publishes May unemployment numbers on June 8.

Copyright Reuters, 2004

Comments

Comments are closed.