Tuesday, August 16, 2011

German locomotive to EU growth smashes into the buffers!

The Washington Post is one of the first out with the shocking German GDP figure which shows that Germany as good as ground to a halt in the second quarter of this year with GDP Growth, compared to the first quarter, at only 0.1%.

Bearing in mind that first quarter growth figures were revised downwards by 0.2%, similar adjustments could actually put Germany into negative territory. The trend is clearly downwards!



Anonymous Lord T said...

Good. Without Germany to fund the others they will go to the wall as they should.

Keep the wheel turning.

3:06 PM  

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