Skip to comments.German economy in 2017 grew at highest rate in six years
Posted on 01/12/2018 1:12:45 AM PST by Berlin_Freeper
The German economy grew 2.2 percent in 2017, enjoying its fastest rate of expansion since 2011, official data for Europe's top economy showed on Thursday.
The expansion, which was in line with forecasts from leading economic think-tanks and the OECD, was driven by big increases in the rate of growth in investments and exports, officials from statistics authority Destatis said at a Berlin press conference.
(Excerpt) Read more at thelocal.de ...
Kinda sad when the strongest growth in 6 years is 2.2 percent.
But the USA is still weak as well. Even with a strong 4th quarter, unlikely to be over 3 percent for the year.
The last year USA was over 3 percent was 2005
growing middle class
shortage of labor for good paying jobs
cheap good housing
first rate schooling
6 weeks paid vacation plus 15 holidays ( mostly christian )
Let’s keep in mind that USA and Germany are highly developed countries.
To make a higher GDP growth, they would have to be moved to Mars.
If the middle class was growing, their economy wouldnt be driven by exports - selling stuff to other markets - and global finsncial wheeling and dealing.
Maybe they are China with better cars and highways
Interesting. And this in the midst of refugee crisis too. Hmm...
I wonder how much of any increase is related to business with Iran....
Snort. And I have a bridge for sale.
german free enterprise runs a trade surplus of around 5% of GDP. The productive sector emphasizes manufacturing and manufacturing jobs. Tradesmen are held in high esteem.
Its that damn Schwabisn Hausfrau in Berlin refusing to spend money. She needs to go to Washington and learn how to run a deficit.