Skip to comments.German economy records zero growth in fourth quarter
Posted on 02/14/2020 6:49:06 AM PST by Olog-hai
The German economy posted zero growth in the final quarter of 2019, the federal statistics authority (Destasis) reported in preliminary statistics on Friday.
The Gross domestic product (GDP) was the same in October-December as in the previous three months.
The results were worse than forecast, with predictions of 0.1% growth.
However, Destastis revised its results for the third quarter, with the GDO growing by 0.2% instead of the 0.1% previously reported. [ ]
The zero growth is a reflection of broader eurozone slowness with headwinds from the US-China trade dispute and Brexit. The European Central bank has been trying to stimulate growth and inflation in the 19-country eurozone, with negative interest rates and bond purchases with newly printed money.
(Excerpt) Read more at dw.com ...
I see importing all those savages has really worked out for them.
I guess that is better than NEGATIVE growth like last quarter.
About as well as INSTEX.
Germany gaffe: President forced to apologise after sending Iran message by mistake GERMANY'S president "mistakenly" sent a celebratory message to Iran to mark the 41st anniversary of the Islamic Revolution
After promising not to do it.
I feel bad for Germany. Their post WWII recovery/boom and the reunification were such causes for optimism.
Consider what they were optimistic for, though.
I feel bad for Germany.
I dont. Elect stupid people, follow stupid socio-Political philosophies, become terminally corrupt...you get the expected results. Let them love rolling around in the mud.
But they had a balanced budget for the last couple of years.
Some FReepers love that above all else.
Look out, Poland!!!
Stille Wasser sind tief
I would post a snip from “That 70s Show”, but A) I’m too lazy to look for it, and B), A).
All those refugees well on their way to paying for the social security of the old folks...
Oh goody! I just can’t wait to see what happens to Germany when they can no longer afford to pay welfare to the millions of Muslim “refugees” they have let into their country. I’m sure they will just go peacefully back to the Islamic paradise from which they came. NOT!
Who audited their budget?
I’m sure driving up the cost of energy with Gaia Worship has been very beneficial as well.
I see the Germans and their super race have some flaws! Looks like the yutes over there have some big time...ah...duh...I forget... issues!
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