Posted on 08/13/2010 5:49:44 PM PDT by fight_truth_decay
Germany enjoyed an unexpectedly strong second quarter as the economy grew at the fastest pace in 23 years.
Gross domestic product in Europe's largest economy increased by 2.2pc compared with the first quarter, far exceeding forecasts of a 1.3pc gain.
The sharp rise was driven predominantly by growth in exports.
"Such a quarter-on-quarter growth has never been recorded before in reunified Germany," said the German statistics office.
"The recovery of the German economy, which lost momentum at the turn of 2009/2010s, is really back on track."
(Excerpt) Read more at telegraph.co.uk ...
Thailand, Malaysia, Singapore and Vietnam should not be overlooked by investors looking to cash in on the recovery in the Far East. In Singapore the economy is reported on course for record-breaking growth of up to 15pc for the year. And there are a host of rivals hot on its heels to be the shining star of Asia.
Across the border in Malaysia economic growth of close to 7pc is predicted this year followed by Indonesia at 6.6pc. South Korea and the Philippine's are both on course to hit 6pc growth in 2010
China's GDP may grow by 11pc this year despite cooling-down measures.
UK government bonds in demand Thursday... a healthy demand for long-dated gilts.
We Americans have to put our money [building wealth] someplace; and it sadly comes down to, from a personal protective economic stand point, that we focus on investments outside this country.
How's it feel, President Obama, being the COACH of a LOSING team???
(wish I could print what I would really like to say)
The US? Higher goverment spending to GDP, greater debt and no recovery.
Wonder what dear leader’s excuse will be a few years from now when most of Europe is possibly thriving economically, while the US is seconds away from Great Depression 2.
You will not read about the upswing in other economies in our MSM, that is why the first news I read each day is The London Telegraph and FR. If you go to the London Telegraph online you can download a “free app” and constantly updates. Through Apple you have to search for the app as they push the NYTimes and like media first and foremost. The font size is geared for reading on the smart phones as well.
Just in case anyone is interested.
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