More and more signs that the situation in the German economy has stabilized. This was reported in the May report of the Ministry of Economy of Germany, published on Monday. "During the past months, the decline in economic activity in Germany intensified along with the global economic downturn, - says the report. - In the meantime, however, there are growing signs of stabilization." Earlier it was reported that the GDP of Germany in the 1 st quarter fell a record pace from the start keeping statistics in 1970. The decrease in GDP was 3.8% compared with the 4 th quarter of 2008. As signs of stabilization in the economy ministry called the improved sentiment abroad and the recent growth in exports and orders in the manufacturing industry in Germany. However, the ministry warned that these changes are not clear signs of a change of trend "in connection with the rate at which these indicators declined in recent months. The prospects for exports, as expected, as they remain disappointing in relation to the projected slowdown in world trade. The Ministry of Economy also said that the expected rise in unemployment should hurt private consumption. While financial markets are showing signs of recovery, "not all the problems resolved."
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