At Least the German Economy’s Growing
The U.S. economy is still an unholy mess, but someone is doing something right over in Germany, which reported record growth over the three-month period from April through June -- the biggest such spike since the once-split nation reunified.
The U.S. economy is still an unholy mess, but someone is doing something right over in Germany, which reported record growth over the three-month period from April through June — the biggest such spike since the once-split nation reunified. The fiscal situation was slightly improved in France and Spain, but Greece? Down 1.5 percent. –KA
Your support is crucial...BBC:
“Such quarter-on-quarter growth has never been recorded before in reunified Germany,” the national statistics office, Destatis, said.
The main reason for the higher-than-expected growth was strong exports, helped by a weaker euro.
The eurozone economy grew by 1% during the quarter.
This compares with growth of 0.2% in the first three months of the year, the area’s official statistics agency, Eurostat, said.
As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.
Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.
Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.
Editorial Cartoons
Politics
The despair of lower-income voters was seen as a political problem rather than an empirical reality.
Editorial Cartoons
Media
As mainstream outlets continue to focus on inflation, consumer sentiment about the economy remains staggeringly low.
Opinion
Staunch capitalists like Gurner tell us every day they want more exploitation and precarity for people just trying to get by.
Ear to the Ground
The administration says the moves will safeguard renters and promote rental affordability.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.