BERLIN Donte Jackson Black Jersey , April 26 (Xinhua) -- The German government forecasts an improved overall economic climate and a record rate of employment, a government economic report has said.
The spring projections 2017, presented on Tuesday in Berlin by Minister for Economics and Energy Brigitte Zypries, shows a peak in the number of people employed in 2018 of 44.4 million.
This year, the number of employed persons will increase by 530,000 and by a further 310 DJ Moore Black Jersey ,000 in 2018. The average annual number of unemployed people will drop by 140,000 in 2017 and stay at that level in 2018, despite the large number of refugees in Germany.
The international refugee crisis caused many experts to anticipate an increased unemployment rate, since many of those who fled to Germany will now enter the job market. This is offset by the improving general state of the German economy.
The German government raised its economic growth forecast for 2017 to a 1.5-percent increase in the gross domestic product, compared to the 1.4 percent growth projected in January. The growth rate prognosis for 2018 is 1.6 percent.
The improved global economic situation will lead to an increase in the export of German goods, while at the same time lowering the export surplus. The current account surplus is expected to lower to 7.3 percent in relation to GDP in 2018 Vernon Butler Camo Jersey , compared to 8.3 percent in 2016.
Federal, state and regional governments, as well as social insurance, use the economic report for tax estimates to ensure they align their budgeting accordingly.
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BERLIN, Oct. 26 (Xinhua) -- Monchengladbach midfielder Andre Hahn will be sidelined for the rest of 2016 after suffering a severe knee injury following a foul play by Schalke' s Johannes Geis Marquis Haynes Camo Jersey , the "Foals" confirmed on Monday.
Monchengladbach secured their fifth straight win with the 3-1 win over Schalke. However, the "Foals" victory was overshadowed by the late foul play of Schalke' s Johannes Geis, who saw a straight red card after injuring Andre Hahn' s left knee with a tackle in the 80th minute.
After receiving medical treatment on the pitch, Andre Hahn had to be carted off and taken into the hospital, where a fracture of the tibial plateau and a tear of the lateral meniscus were diagnosed.
The 25-year-old midfielder successfully underwent a surgery on Monday. According to the "Foals" Hahn will be sidelined "at least for the rest of the first half of the campaign."
Andre Hahn joined Borussia Monchengladbach in March 2014 and scored five goals in 30 appearances to date.
Due to the rude foul and resulting injury, the German Football Association (DFB) penalized Schalke' s Johannes Geis with a five-game ban in all competitions.
ULAN BATOR Ian Thomas Camo Jersey , June 6 (Xinhua) -- Mongolian Foreign Minister Tsend Munkh-Orgil said on Monday that Mongolia would be able to implement the structural reforms it has agreed to undergo with the International Monetary Fund (IMF), according to Nikkei Asian Review website.
"I am confident that the resources and money that will be lent to the Mongolian government will be used effectively to overcome the temporary economic problems," Munkh-Orgil said on the sidelines of the International Conference on The Future of Asia in Tokyo.
The resource-rich country has benefited from a commodities boom over the last 15 years or so. But a subsequent commodity price slump, investment outflows and slowing demand in key export markets have hit Mongolia's economy hard.
Last month, the IMF approved a three-year, 434-million-U.S. dollar loan for Mongolia as part of a wider 5.5 billion-dollar aid package which is also supported by Japan Rashaan Gaulden Camo Jersey , South Korea, China, the Asian Development Bank and the World Bank.
The agreement was reached after the IMF admitted that Mongolia had met some of its demands, including raising taxes and cutting spending.
Some observers, however, questioned the ability of the Mongolian government to carry through the painful structural reforms needed to put the economy back on track.
But Munkh-Orgil said the reforms were inevitable. "With or without the IMF Devin Funchess Camo Jersey , we know that we must undertake these reforms. We have expanded fiscally -- a lot. We have stretched ourselves on [the] budget. We have reached unsustainable levels of government debt," he said.
The government is trying to respond through fiscal consolidation, and by bringing the budget under control, the minister said.
Mongolia aims to reduce the budget deficit, currently equivalent to 17 percent of the gross domestic product (GDP), to 10.2 percent by the end of this year. It aims to have a budget deficit equal to around 2 percent of the GDP by 2022.
"For the next several decades Shaq Thompson Camo Jersey , the mining sector will continue to be the central linchpin of the Mongolian economy," Munkh-Orgil said, "But at the same time, mining is a very capricious animal. (The) fortunes and misfortunes of the mining sector can go up and down unexpectedly."
Mongolia is ready to diversify its economy, which currently relies on minerals for 90 percent of its export revenue, he said.
"We need to bring in more products James Bradberry Camo Jersey , (put) more industries in play," the foreign minister said, "We need to engage the public and businesses in other areas that employ more people and bring more export revenues, like agriculture and tourism."
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