The strong eurozone performance was powered by Germany which saw growth of 1.5 per cent in the quarter, well above market forecasts.
The EU27 grew by 2.5 per cent. On the annual figures, Estonia came out on top, with growth of 8 per cent. Lithuania achieved growth of 6.8 per cent and Finland 5.2 per cent. The Greek economy contracted 4.8 per cent and the Portuguese economy 0.7 per cent over the year.
The only country where GDP fell back in the first quarter was Portugal, which suffered negative growth of 0.7 per cent....Greece managed growth of 0.8 per cent.NOW it is being suggested that Germany is on the brink of 'golden decade' as country's exports surge to record high.
Overall, Europe to get out of crisis stronger then when it entered into it.Germany – the world’s second largest exporter behind China – also imported a record €79.4 billion (£70 billion) of goods from overseas as the economy powered ahead.
The Berlin government expects economic growth of 2.6 per cent this year after a stunning 3.6 per cent expansion in 2010.
Contrast this with what is going on in the US at the moment:
In the home market (the largest investment for the average citizen)
- National Home Prices Double Dip
- U.S. ‘Underwater’ Homeowners Increase to 28 Percent
- Housing crash is getting worse
- Dollar tumbles to 3-yr low
- Rival Currencies Take Aim at Dollar's Dominance
- Wholesale prices rise due to costlier gas and food
To avoid being blindsided and to find out what we can do about it, read:
The Fall and Rise of Britain and AmericaEurope in Prophecy - The Unfolding of End-Time Events
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