Germany's economic landscape is seeing a nuanced recovery. The Federal Statistical Office (Destatis) has confirmed a 0.2% rise in the GDP for the first quarter, primarily driven by construction investments and foreign trade. This modest growth follows a 0.5% decline in the previous quarter, signaling a cautious optimism among economists. However, the persistent drop in productivity continues to cast a shadow over these gains. Year-over-year, the calendar-adjusted GDP fell by 0.2%, matching forecasts by Dow Jones Newswires. As Germany navigates these mixed signals, the focus remains on sustaining growth amid productivity challenges.
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20 sats \ 0 replies \ @Undisciplined 24 May 2024
You mentioned high inflation yesterday. If they're understating inflation by just 0.2 percentage points, then real GDP actually declined.
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42 sats \ 1 reply \ @0xbitcoiner 24 May 2024
A mere hint or something more?
https://m.stacker.news/32383
https://www.destatis.de/EN/Press/2024/04/PE24_173_811.html
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48 sats \ 0 replies \ @GhostofTruth OP 24 May 2024
https://m.stacker.news/32384
Productivity is also falling
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