Sunday, August 16, 2009

factors in Germany's rebound

According to a German friend, unchanged domestic consumption (due to high savings in the last decades), car sales (Ed.Note: due to rebate offered by government for retiring old cars, similar systems in USA and other countries) and strong growth in asia (meaning exports) are the main reasons for Germany rebound back into positive GDP growth territory in Q2 of 2009.

Note the high savings in last decades factor!!!

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