Germany top of the class in budget surplus and sustained economic growth

Monday, August 26th 2013 - 02:38 UTC

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Official figures show Germany's budget surplus rose to 0.6% of GDP in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn Euros in taxes, 3.8% more than a year ago thanks to its steady employment rate. The German Federal Statistical Office, Destatis, said the surplus was 8.5bn Euros in the period between January and June. Read full article

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Anglotino
Contrary to popular belief that the west is in terminal decline; all recession end!
Aug 26th, 2013 - 06:04 am - Link - Report abuse 0
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ChrisR
But they didn't get rid of their manufacturing in favour of “services”.

Now they have things people with money want to buy: cars, trucks, washing machines, high end cookers and consumer electronics, PLUS all the industrial might technology.
Aug 26th, 2013 - 09:19 am - Link - Report abuse 0
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