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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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza