German GDP climbs 2.5% during third quarter; no export boost

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ASusilovic

German GDP rose 2.5% during the third quarter from last year, or up 0.7% from the last quarter, according to the Federal Statistics Office. The growth came on capital formation in machinery and equipment and in construction. A moderate increase in household consumption also helped. A marked increase in imports offset exports, it said

Oppss...I forgot, ET members just discussing U.S. economy...
 
Quote from makloda:

... federal Autobahn construction program ... Good work by zee Germans.
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NAH! -- good work by the Gastarbeiter ("guest worker" -- most Germans won't do this type of work -- I lived there for 8 years and have first-hand knowledge of this ethic). However, please note that these ARE LEGAL RESIDENTS, as opposed to the illegal immigrants in the USA :D :D :D

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Mike Collier
Oak Harbor, WA
 
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