Posted on 11/14/2017 12:18:19 AM PST by Berlin_Freeper
The German economy moved up a gear in the third quarter, underpinned by a pickup in global demand and higher corporate investment.
Gross domestic product--the broadest measure of goods and services produced in an economy--grew at an annualized rate of 3.3%, compared with 2.6% in the second quarter, the Federal Statistical Office, Destatis, said Tuesday. The outcome beat forecasts of 2.4% growth.
In addition, Destatis significantly lifted its GDP growth estimate for the first quarter to an annualized rate of 3.6% from an earlier estimate of 2.9%, a sign that Germany's economy is firing on all cylinders.
(Excerpt) Read more at foxbusiness.com ...
Being in the Eurozone has paid enormous economic dividends for Germany, as their main trading partners no longer have the option to devalue their currency over and over again as they did prior to the euro’s adoption.
That’s just commies in Greece bitching and trying to sell the excuse to why the communism didn’t work this time either. Mainstream media is not calling the Greeks out because commies enjoy the sweetheart station.
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