Brexit to smash growth forecasts

[scooterscot]

The same old sh** was said in the 50s and 60s about how bad Germany was doing and how good the UK was doing. However on the ground an being ing Germany in the 60s it was obvious how much better Gernany was doing.

Suddenly I feel like a youngling.

[scooterscot]

German institutes cut 2019 growth forecast to 0.8 percent: sources | Reuters



Odd how an insignificant island populated by debt laden, deadbeat no-hopers dependant on EU handouts can smash Germany's economy don't you think?

Odd how those insignificant island populated by debt laden, deadbeat no-hopers dependant on EU handouts stocking-pilling on foods & medicines is seen as by the gibbering classes as positive growth.

[Paddy]

German institutes cut 2019 growth forecast to 0.8 percent: sources | Reuters



Odd how an insignificant island populated by debt laden, deadbeat no-hopers dependant on EU handouts can smash Germany's economy don't you think?

The same old sh** was said in the 50s and 60s about how bad Germany was doing and how good the UK was doing. However on the ground an being ing Germany in the 60s it was obvious how much better Gernany was doing.

[DimPrawn]

German institutes cut 2019 growth forecast to 0.8 percent: sources | Reuters

Germany’s leading economic institutes have revised down their 2019 growth forecast for Europe’s biggest economy to 0.8 percent from a previous estimate of 1.9 percent, two sources familiar with their report to be presented on Thursday told Reuters.

The sharp revision reflects the scale of the slowdown in Germany, whose economy is facing headwinds from a slowing world economy, international trade disputes and the threat of Britain leaving the European Union without a deal.

Germany’s manufacturing sector is in recession as exporters bear the brunt of weaker demand.

The export-dependent economy has been relying on consumption and state spending for growth. A solid labor market and low interest rates have been supporting the consumption-driven growth cycle.

The economy posted its weakest growth rate in five years last year.

Odd how an insignificant island populated by debt laden, deadbeat no-hopers dependant on EU handouts can smash Germany's economy don't you think?