German economy surges ahead at record pace

[scooterscot]

We are nothing but an overpriced service provider these days

spot on.

German economy surges ahead at record pace | Business | The Guardian

How is it that the Germans can deliver a whacking 2.2% growth AND Britain delivers only half of that??

Training
Investment
Long-term thinking
Manufacturing
Social Contract
Moderation
Lack of a class system

As a resident in Germany, these are a few of the things I notice....

[darmstadt]

But on the German news they're saying 'watch out!' It might be good but be cautious. Time to put my rates up methinks

[scooterscot]

Adapt then - Tuck into a steaming plate of sausages and pickled cabbage.

In a year or two, you'll be complaining you can't get that in the UK

nicht gut herr owlhoot

Found a brttish shop in town who is making a roaring trade since my arrival


Did I mention the woman? I mean walking down town on a hot summers day is no easy... (I was going to say hard but might have gave the right impression)

[OwlHoot]

very nice. Sun, money, and lovely lovely I mean stunning woman. Oh and beer!

But try finding a good curry is only likely to lead to massive disappointment.

Adapt then - Tuck into a steaming plate of sausages and pickled cabbage.

In a year or two, you'll be complaining you can't get that in the UK

[scooterscot]

very nice. Sun, money, and lovely lovely I mean stunning woman. Oh and beer!

But try finding a good curry is only likely to lead to massive disappointment.

[Mich the Tester]

phew I'm glad I'm not working or living in a country that hasn't previously outsourced the strong manufacturing export market and would attempt to fix the terrible economic situation they're in by large scale spending cuts, increasing unemployment and tax hikes..

Nice over here isn't it? The Hollandland's doing quite nicely out of all this German industry as all the raw materials have to be shipped in and the German products have to be shipped out. 2.1% economic growth.

[HairyArsedBloke]

It's done wonders for the stock indices and the euro currency.

[chef]

phew I'm glad I'm not working or living in a country that hasn't previously outsourced the strong manufacturing export market and would attempt to fix the terrible economic situation they're in by large scale spending cuts, increasing unemployment and tax hikes..

[AtW]

The German economy grew at its fastest pace in the second quarter since the country was reunified two decades ago, fuelling the strongest growth in the eurozone in more than two years.

Europe's largest economy powered ahead between April and June, growing by 2.2%, thanks to a recovery in construction and strong foreign demand for German goods, the federal statistical office, Destatis, reported today. This was well above market expectations of 1.4% growth. Growth in the first quarter was revised higher to 0.5% from 0.2%.

Germany's stellar performance helped the 16-member eurozone grow by 1% in the second quarter, the strongest growth rate since the first quarter of 2008 and a strong improvement on the 0.2% recorded for the first three months of this year. No detail is available yet, but exports, investments and a backlog of work in the construction sector after a harsh winter are expected to have been the main factors driving growth.

"After three difficult months of eurozone battering, today's numbers will help to heal the eurozone's wounds. For the first time since the second quarter of 2009, the eurozone outpaced the US economy," said Carsten Brzeski at ING.

America grew by around 0.6% in the second quarter of 2010, slower than earlier in the year.

More: German economy surges ahead at record pace | Business | guardian.co.uk