Germany's gross domestic product expanded just 0.1 percent in April-June from the previous quarter, missing forecasts for 0.5 percent and knocking regional growth figures below expectations too. ... The data showed Germany grew more slowly than battered, debt-ridden Spain, which expanded by 0.2 percent. http://www.reuters.com/article/2011/08/16/us-markets-global-idUSTRE7725BC20110816 Will Spain have to pay for Germany now ?
http://www.oecd.org/document/36/0,3746,en_2649_34245_48539492_1_1_1_1,00.html Italy&USA are the only two growing better than first quarter (0,1%). Italy +0,3% USA +0,3% UK +0,2% Spain +0,2% Germany +0,1% France 0 % :eek: Japan -0,3% Amazing uh ? USA grows like Italy. Italy&Spain will now have to bailout Germany&France
I have a question: What's the cause of slowdown in countries like Germany w/ GDP 0.1%? And say they fix the mess in Greece, Italy and Spain, would that bump Germany GDP back to 2% to 3%?