AIRLINK 75.30 Increased By ▲ 1.60 (2.17%)
BOP 4.94 Increased By ▲ 0.04 (0.82%)
CNERGY 4.39 Decreased By ▼ -0.13 (-2.88%)
DFML 41.18 Decreased By ▼ -3.70 (-8.24%)
DGKC 83.31 Decreased By ▼ -2.19 (-2.56%)
FCCL 21.65 Increased By ▲ 0.25 (1.17%)
FFBL 32.00 Decreased By ▼ -0.51 (-1.57%)
FFL 9.42 Decreased By ▼ -0.17 (-1.77%)
GGL 10.08 Decreased By ▼ -0.19 (-1.85%)
HASCOL 6.82 Decreased By ▼ -0.31 (-4.35%)
HBL 114.00 Decreased By ▼ -0.70 (-0.61%)
HUBC 139.10 No Change ▼ 0.00 (0%)
HUMNL 12.00 Decreased By ▼ -0.42 (-3.38%)
KEL 4.91 Decreased By ▼ -0.12 (-2.39%)
KOSM 4.36 Decreased By ▼ -0.09 (-2.02%)
MLCF 37.51 Decreased By ▼ -0.09 (-0.24%)
OGDC 132.85 Decreased By ▼ -3.95 (-2.89%)
PAEL 24.85 Decreased By ▼ -0.54 (-2.13%)
PIBTL 6.60 Decreased By ▼ -0.09 (-1.35%)
PPL 117.80 Decreased By ▼ -3.20 (-2.64%)
PRL 26.06 Decreased By ▼ -0.53 (-1.99%)
PTC 13.72 Decreased By ▼ -0.38 (-2.7%)
SEARL 57.25 Decreased By ▼ -0.05 (-0.09%)
SNGP 66.50 Decreased By ▼ -1.50 (-2.21%)
SSGC 10.24 Decreased By ▼ -0.18 (-1.73%)
TELE 8.21 Decreased By ▼ -0.24 (-2.84%)
TPLP 10.70 Decreased By ▼ -0.28 (-2.55%)
TRG 62.40 Decreased By ▼ -0.94 (-1.48%)
UNITY 27.04 Decreased By ▼ -0.01 (-0.04%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,854 Decreased By -86.2 (-1.08%)
BR30 25,270 Decreased By -377.9 (-1.47%)
KSE100 74,836 Decreased By -681.2 (-0.9%)
KSE30 24,004 Decreased By -273.3 (-1.13%)

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.