JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
Seems a sensible time for our EU friends to play hardball in the upcoming trade talks ..
Germany’s economy stagnated in the final quarter of last year, holding back eurozone growth and prompting fears that the Continent’s largest economy could slip into recession.
A slowdown in household and government spending and a slump in exports weighed on growth. Economists had been expecting the economy to expand by 0.1 per cent, but official figures indicated that growth was flat in the three months to the end of December.
German GDP grew by 0.6 per cent over the year, less than half the UK’s 1.4 per cent advance. Its performance also affected the wider eurozone. A flash estimate shows that the GDP in the bloc expanded by only 0.1 per cent in the final quarter of 2019, its slowest rate of expansion since 2013. Over the year the economy expanded by 1.2 per cent.
France and Italy also weighed on eurozone growth. In the final quarter of the year, Europe’s second and third largest economies contracted by 0.1 per cent and 0.3 per cent, respectively.
https://www.thetimes.co.uk/edition/...ecession-as-germany-s-growth-stalls-psvtzxbzl
... anyone would think being tied inside a stagnating trade block isn't quite all it's cracked up to be.
Germany’s economy stagnated in the final quarter of last year, holding back eurozone growth and prompting fears that the Continent’s largest economy could slip into recession.
A slowdown in household and government spending and a slump in exports weighed on growth. Economists had been expecting the economy to expand by 0.1 per cent, but official figures indicated that growth was flat in the three months to the end of December.
German GDP grew by 0.6 per cent over the year, less than half the UK’s 1.4 per cent advance. Its performance also affected the wider eurozone. A flash estimate shows that the GDP in the bloc expanded by only 0.1 per cent in the final quarter of 2019, its slowest rate of expansion since 2013. Over the year the economy expanded by 1.2 per cent.
France and Italy also weighed on eurozone growth. In the final quarter of the year, Europe’s second and third largest economies contracted by 0.1 per cent and 0.3 per cent, respectively.
https://www.thetimes.co.uk/edition/...ecession-as-germany-s-growth-stalls-psvtzxbzl
... anyone would think being tied inside a stagnating trade block isn't quite all it's cracked up to be.