Deutsche Post CFO Warns German Growth Nothing To Be Optimistic About

The German economy might be growing and there are signs of a stabilization in Europe and beyond, but it’s nothing to “hang our hats on,” the chief financial officer of Deutsche Post DHL told CNBC.

“We do see some signs of improvement [in the global economic outlook],” Lawrence Rosen said, speaking to CNBC from New York.

“We’re coming from a period of pretty long period of below-low trend growth now we think GDP growth for the whole world is going to be around 2 percent this year. It looks like the U.S. is improving, Europe seems to be stabilizing at least at a low level and Asia too seems to be stabilizing if not improving a bit.”

The German mail and logistics giant operates in more than 220 countries and, in 2012, generated revenues of more than 55 billion euros ($74 billion). The latest earnings figures from the company on November 12, however, showed that although net profit rose almost 6 percent in the third-quarter, a strong euro was weighing on sales.

via CNBC/a>

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