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| Europe |
| German Economy Heads for Worst Growth in Six Years |
| 2019-04-20 |
| [Bloomberg] The German economy is turning into Europe’s underperformer, with the government now predicting 2019 will see the weakest expansion in six years. Amid slowing global momentum and concerns over Brexit and trade disputes, the economy ministry on Wednesday cut its estimate to 0.5 percent, half the pace previously forecast. It’s the latest in a series of downward revisions from a 2.1 percent projection a year ago. Growth for next year is seen at 1.5 percent. While there’s been a small improvement in business confidence, manufacturing in Germany remains mired in a deep slump. Based on European Commission forecasts for the rest of the euro area, the government’s latest prediction would leave Germany as the region’s worst performer this year, bar Italy, which is stagnating. |
| Posted by:Bright Pebbles |
| #6 I'm as shocked! shocked! TM as you are that a country subsidising the migration of negative productivity people has seen it's average productivity drop. |
| Posted by: Bright Pebbles 2019-04-20 13:34 |
| #5 Pelosi calls them gifts of love. |
| Posted by: jpal 2019-04-20 09:40 |
| #4 Yes. People who are illiterate, culturally stunted, criminally inclined and all around backward "bring riches" as the Red Pope and Anhella Burka would tell you... |
| Posted by: M. Murcek 2019-04-20 08:05 |
| #3 Bad Luckâ„¢ |
| Posted by: Frank G 2019-04-20 07:07 |
| #2 |
| Posted by: Besoeker 2019-04-20 06:59 |
| #1 Might a contributing factor be a previous sizable influx of non-working 'migrants'? Just thinkin' out loud here... |
| Posted by: Raj 2019-04-20 06:55 |