Strong rebound of the German economy: GDP 3% growth in 2010

Monday, August 16th 2010 - 04:20 UTC

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German gross domestic product (GDP) could grow by as much as 3% in 2010, as positive quarterly figures have stoked optimism in Europe's largest economy, Die Welt newspaper reported on Sunday, citing Economy Ministry officials. Read full article

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JoseAngeldeMonterrey
How is it that for Europeans 3% growth is “strong”...How did they get to have such laggard economies and accept 3% as strong growth? Europe is sinking in a sea of burocracy.
Aug 16th, 2010 - 07:29 pm - Link - Report abuse 0
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Forgetit87
AFAIK, developed contries rarely reach a growth of more than 3% a year. That includes the US. Those countries are already too close to their total productive capacity. Also, their aging populations (or shrinking populations as in the case of Germany) lowers consuming and private spending.
Aug 19th, 2010 - 06:29 am - Link - Report abuse 0
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