Tuesday, 25 September 2012

Germany's Faltering Recovery

The recent slowdown in the Polish economy has partly been caused by the worsening situation in Germany. Below is an excellent article from Socialist Economic Bulletin that explains the reasons for the problems facing the German economy....
Germany is widely regarded as the motor of the European economy. GDP grew by just 0.3% in the 2nd quarter of 2012 and is barely 1% higher than a year ago. The German statistical agency Destasis speak of a continuing export-led recovery. But that is not strictly correct. German exports are rising. But because imports are rising faster, net exports have subtracted from growth. Table 1 below shows the real change in GDP between 2008 when the recession began and the 2nd quarter of 2012. Read More

No comments:

Post a Comment

Go for it - but if its abusive then it gets blocked