Das Statistische Bundesamt hat bereits am 15. Januar die ersten Ergebnisse seiner Berechnung des Bruttoinlandsprodukts (BIP) für das Jahr 2019 vorgestellt. Danach ist die deutsche Wirtschaft im vergangenen Jahr um 0,6 Prozent gewachsen. In der vergangenen Woche (am 14. Februar) wurden zudem die Ergebnisse der Berechnung für das vierte Quartal 2019 vorgelegt. …
The German current account surplus: Much larger than officially reported?
It appears the German government is manipulating its trade surplus statistics to avoid increased criticism. While Germans believe a massive trade surplus is a confirmation of national superiority, elsewhere it is termed “beggaring thy neighbour”. …
Time and again in the German and European media the story is told that the problem with Germany’s current account surpluses is no longer relevant as its surplus with countries of the EMU disappeared. According to many observers this is proof positive that German trade surpluses do not harm the European economy and that they certainly have no bearing on the euro crisis. …
This is the translation of an article that was published April 24, 2015 on flassbeck-economics. We are publishing one article in English every week to allow more readers to follow closely our analysis of global and European events. However, translation is not free and we have to ask for a contribution from our English speaking readers also. …
