German consumers begin to worry about economy: surveyAugust 21, 2015 - 20:04 AMT PanARMENIAN.Net - A closely-watched survey indicates German consumers are beginning to worry more about the country's economic situation but remain optimistic overall. According to the Associated Press, the GfK research group said Friday that its forward-looking consumer climate index dropped to 9.9 points for September from 10.1 points in August. Still, GfK says the indicator remains high and that the drop does not suggest "that the economic motor will stutter or even stall." The survey of 2,000 consumers showed drops in all sub categories, with economic expectations, income expectations and willingness to buy all falling. Still, all three categories remained above where they were a year ago. GfK says uncertainty largely comes from the "unstable international situation" and that domestic German conditions remain favorable, so "there is a good chance that the consumer climate will stabilize." Photo: CNN Money Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |