Skip to comments.German economy shrinks as 'golden decade' comes to an end
Posted on 08/14/2019 3:52:09 AM PDT by Berlin_Freeper
Germany's economy shrank in the second quarter as global uncertainty and the trade war took a toll on its manufacturers.
GDP for the three months ended June contracted 0.1% compared to the previous quarter, in line with analyst expectations. That's down from 0.4% growth in the first three months of the year.
"Today's GDP report definitely marks the end of a golden decade for the German economy," said Carsten Brzeski, chief economist in Germany at the Dutch bank ING.
The world's fourth largest economy, and Europe's biggest, has been hit by what analysts have described as a "perfect storm" of negative factors.
(Excerpt) Read more at edition.cnn.com ...
It is only going to get worse.
Goodbye month off.
Maybe people are wising up and not buying their crappy cars.
Wonder how much of this has to do with Germany’s export trade to Iran going into the dumper...
How is the cheap labor invasion working for ya
We are a rich country. But we should be a lot richer. Trump knows this. Trump knows that a lot of our money has been siphoned off by other countries who have taken advantage of us in so many ways. President Trump is bringing our money back home. It is long overdue.
.1%, and they are announcing the end of the world? Surprised they didn’t blame it on Trump.
I wouldn’t ever have another German junk car. One, I have not forgiven them for the Nazis. Two, the damn things are fun to drive but always in the shop. Three, too expensive.
Watch George Friedman or Philip Zeidan from Stratfor on YouTube. 70 percent of any modern economy is derived from Consumption and who consumes? The 20/45 age group. Demographically, Germany, like most of Europe, is a bust. So where does the growth come from? Exports.
Great cars until the warranty is up. Overengineered wildly depreciating junk after that, especially lately.
You can go to Warsaw from Berlin on one tank.
One of Jeremy Clarkson’s best Top Gear spots.
Ironically, I own four cars right now and two near brand new bought very recently are German and Korean.
Both are just great. Another two are 10 and 26 years old. Not German or Korean:)
I guess they’ll just have to raise taxes to pay for all those “migrants” now.
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