) last week cut its forecasts for operating profit and sales growth due to a downturn in demand for passenger cars.
Thomas Gitzel, economist at VP Bank, said the Ifo survey showed “growth will not go into freefall for the time being” but that Ifo’s warning the manufacturing sector is stuck in recession was cause for concern. Detailed data released on Friday showed strong exports, state spending and consumers helped the German economy avoid a recession in the third quarter. The figures confirmed a preliminary reading of a 0.1% expansion on the quarter.
Aerial view of a container terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer
So Germany's manufacturing based economy is going to 'grow', despite a manufacturing recession. very clever.
that mall looks almost like an exact replica of the Houston Galleria (maybe wee bit smaller). did they just copy the Houston Galleria?
When are we going to stop measuring success in GDP growth as the biosphere collapses? Asking for all non-human species, young humans & future humans? Thanks
And for the ninth article in a row you have turned a positive outlook in to a negative conclusion. You're not doing much for your reputation as a reporting service. 🤮🤮🤮
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Germans are a resilient people and always bounce back. They, like many developed nations, are facing some demographic obstacles they need to address. Specifically, large swaths of people retiring but not enough young workers to replace them.
Grow, I say flat...
Numbers are fake. Germany is in recession for many years
Whoo Hoo!