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The German economy probably suffered a "significant decline" in Q4, the Economy Ministry says,...

The German economy probably suffered a "significant decline" in Q4, the Economy Ministry says, with the industrial sector cutting output due to weak demand in Europe. However, the ministry expects the economy to "revive significantly" this year given the economy's underlying strength and encouraging signs in the global outlook. The euro is flat vs the dollar.
Comments (3)
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    "However, the ministry expects the economy to "revive significantly" this year given the economy's underlying strength and encouraging signs in the global outlook"

     

    Too funny. Politicians can't help themselves. Outlook is always positive and if you believe hard enough it may actually come true.

     

    Europe's fundamentals are collapsing and are the main driver of German exports.

     

    German exports have been the sole driver of German growth for the last 15 years, as national consumption has been flat-lining for that period. Without debt-fuelled demand from the US or China, the future of Germany's GDP looks very grim.
    11 Jan 2013, 06:36 AM Reply Like
  • Bear Bait
    , contributor
    Comments (665) | Send Message
     
    One word.......Austerity. If you take away consumers money,
    they don't consume!
    11 Jan 2013, 07:57 AM Reply Like
  • User 509088
    , contributor
    Comments (975) | Send Message
     
    and if you take away all of southern europe's money, germany don't sell it's goods.

     

    once again the jobless recovery is revealed as the bunkum it always was.
    11 Jan 2013, 08:12 AM Reply Like
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