I would wait a month or two before I shouted from the rooftops. (Reply #5)

In the discussion thread: Good Wages, Unions and Government Regulation Are The Solutions, Not Causes, of our Economic Woes [View all]

Response to pampango (Original post)

Wed Jan 11, 2012, 04:18 PM

SlimJimmy (2,339 posts)

5. I would wait a month or two before I shouted from the rooftops.

The result of all this government interference is that Germany's export-oriented manufacturing economy recovered from the recession and is doing OK, and their workers are paid well and have great benefits. [/div class]

Germany may be on the brink of recession after the sovereign debt crisis caused the economy to contract in the final quarter of 2011.

Europe’s largest economy shrank “roughly” 0.25 percent in the fourth quarter from the third, the Federal Statistics Office in Wiesbaden said today in an unofficial estimate. Economists such as Christian Schulz at Berenberg Bank expect gross domestic product to contract again in the current quarter. A recession is defined as two consecutive quarters of declining GDP.

http://www.bloomberg.com/news/2012-01-11/germany-on-brink-of-recession-as-sovereign-debt-crisis-weighs-on-exports.html
[/div class]

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Replies to this discussion thread

9 replies	Author	Time	Post
Good Wages, Unions and Government Regulation Are The Solutions, Not Causes, of our Economic Woes [View all]	pampango	Jan 2012	OP
Precisely.	PDJane	Jan 2012	#1
K&R!	FarLeftFist	Jan 2012	#2
Hear Hear, Sir!	The Magistrate	Jan 2012	#3
NAFTA	Puzzledtraveller	Jan 2012	#4
Germany (and the rest of the EU) has a "free trade" agreement with Mexico and is negotiating one	pampango	Jan 2012	#6
I would wait a month or two before I shouted from the rooftops.	SlimJimmy	Jan 2012	#5
Germany is not immune to recession or other economic problems. They export a lot and import	pampango	Jan 2012	#7
I agree, but would still wait until the 2nd quarter to see how their economy is shaping up.	SlimJimmy	Jan 2012	#8
Solidarity forever, K. & R.!	Rochester	Jan 2012	#9

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