German Accounts

Discussion in 'Economics' started by dealmaker, Feb 19, 2019.

  1. dealmaker

    dealmaker

    German Accounts

    Although it shrank for the third year in a row, Germany had the world's biggest current account surplus (at 7.4%) last year, thanks to strong exports. The new figures could add to criticism of Chancellor Angela Merkel's fiscal policies. The European Commission has been saying for half a decade now that Germany needs to use its budget surplus for more public investment and to stimulate wage growth. Reuters
     
    Nobert likes this.
  2. zdreg

    zdreg

    Trump would like to eat into their surplus by putting tariffs on German cars.
     
    ironchef and dealmaker like this.
  3. dealmaker

    dealmaker

    German Economy

    Germany avoided a recession in the fourth quarter of last year thanks to higher state spending. Exports and imports each rose by 0.7%, resulting in flat net trade, and private consumption barely grew. Economists see stricter emissions rules as having dampened exports, due to their impact on Germany's crucial car sales. Reuters