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Posts Tagged ‘german economy’

Eurozone Economy Stalls

August 15th, 2014 Comments off

Six years after the onset of the global economic crisis, and despite trillions of euros in added government debt and unprecedented monetary easing by the European Central Bank (ECB), the Eurozone economy is dead in the water. Unemployment remains disastrously high, and the marginal GDP growth  of some of the smaller Eurozone countries was offset by poor data from France and Germany-the two countries comprise two thirds of the Eurozone’s GDP.

Germany’s economic data was especially bad. The largest economy in the monetary union contracted by 0.2 percent  in Q2 of 2014. In the same period, France experienced zero growth, while Italy entered a technical recession. On balance, the debt and money-printing supported economies of Europe stood  at zero GDP growth in the second quarter of 2014. And the worst may be yet to come. The economic sanctions imposed on Russia over the Ukraine crisis has resulted in retaliatory sanctions, which will inevitably hit the Eurozone in Q3 of this year. In addition, there are warning signs of an economic slowdown in China.  There are ill omens ahead for the Eurozone.

 

 

If Hillary Clinton runs for President of the United States  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:

 

CLICK ON IMAGE TO VIEW VIDEO

Hillary Clinton Nude

Hillary Clinton Nude

German Business Confidence Continues To Sink

September 24th, 2012 Comments off

According to the latest data, business confidence in Germany, the Eurozone’s strongest economy, declined for the 5th straight month. The German  IFO index slipped from  102.3 in August to 101.4 in September. The erosion of German business confidence is occurring amidst the two-year old Eurozone debt crisis.

The wave of economic recessions that have afflicted the most debt prone economies in the Eurozone are the driver eroding business confidence in Germany. The Eurozone crisis threatens to retard Germany’s massive export trade to the Eurozone bloc, which ultimately will affect GDP growth prospects in Germany.

                 

 

 

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

 

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German Business Confidence Sinks As Eurozone Debt Crisis Rages

August 27th, 2012 Comments off

The ifo index of 7000m German businesses and their perception of business trends registered a decline from 103.2 in July to 102.6 in August. The contraction in business confidence was more than analysts had forecast, and is a sign of growing worry among business decision-makers in Germany as many large markets within the Eurozone for German goods face a profound economic crisis related to the ongoing debt crisis.

While Germany remains the largest economy within the Eurozone, the ifo index for Augusts shows that Berlin is not immune to the impact of the worsening Eurozone debt crisis. There are many reasons for worry in Germany. Not only is the European sovereign debt crisis inflicting economic damage; Germany is paying a high fiscal price for being the lender of last result within the Eurozone. German taxpayers are being asked to pick up a major portion of the cost of bailouts for Eurozone economies mired in the debt crisis. A combination of diminished exports to Eurozone members and fiscal damage to Germany’s balance  sheet does not bode well for future prospects for Germany’s economy.

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.

 

photo

 

 

 

 

German Economy Contracted By 5% In 2009

January 14th, 2010 Comments off

Germany’s Federal Statistics Office  is reporting that the global economic crisis led to a contraction of 5% in the nation’s GDP during 2009. This was by far the worst drop in economic output experienced by Germany since the end of World War II. Major factors in the decline were a sharp falloff in exports due to the collapse in global trade and the constriction of investment activity.

Berlin is projecting growth of up to 1.5% in  2010. Even if this figure holds true, this will still represent a significant long-term contraction in national GDP from peak potential. More importantly, whatever tepid GDP expansion that is occurring is due almost entirely to government stimulus spending. Any trimming of the government’s fiscal pump-priming may send the German economy back into a steep recession. As Germany is the center of economic gravity for the Eurozone, its economic afflictions will undoubtedly impact every other European economy in significant ways.