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International Economic: Germany Is Still On The Path Of A Golden Decade
Sep 12, 2018

Germany is still "on the path of a golden decade," 

say experts on euro zone growth driven by the German locomotive.

Core note: thanks to Germany's locomotion and the economic situation in the Netherlands and the Iberian peninsula, the euro zone maintained a stable growth rate of 0.4% in the second quarter, with an annualized growth rate of 2.2%.There is no sign of a trade war in the current economic situation.

Foreign media said that thanks to Germany's locomotion and the economic situation in the Netherlands and the Iberian peninsula, the euro zone maintained a stable growth rate of 0.4 percent in the second quarter, with an annual growth rate of 2.2 percent.There is no sign of a trade war in the current economic situation.

According to the French newspaper les echos on August 14, Germany deserves the title "bellwether".Its quarter-on-quarter growth was steady at 0.5% in the second quarter, leaving France and Italy - the euro zone's second and third largest economies - far behind in the trough.Growth in both countries was just 0.2%.

The Netherlands was equally surprising, with its economy growing by 0.7 percent in the spring, the report said.Portugal's economy continues to recover, growing 0.4 percent and 0.5 percent in the first two quarters, mainly on two pillars: foreign trade and a recovery in domestic demand.

Those students helped boost growth in the euro zone, which saw its second-quarter results rise to 0.4 percent, up from an earlier estimate of 0.3 percent, keeping the pace at the start of the year, the report said.The feared slowdown did not happen, or at least has been significantly curbed.

The German economy grew a little more than expected in the second quarter, according to calculations by the federal statistics office, according to an August 14 article on the website of the German daily le monde.

It is too early to worry about the sudden end of Germany's unusually strong and durable prosperity.While growth has slowed over that period, the economy is still growing at a slightly higher rate than its long-term average.

Germany's economy is poised for its longest boom in nearly 70 years, including the post-world war ii era, according to the report: gross domestic product has grown for more than a decade, making it the longest economic boom since reunification.

"Germany is still on a golden decade path," says carsten brzeski, an economist at iddb.He noted that the German economy has grown in 34 of the last 37 quarters.

Observers expect the trend to continue in the second half of the year, the report said.Experts expect growth of just under 2 percent for the full year.

Where did Germany's growth momentum come from in the second quarter?The federal bureau of statistics has given some hints that the main driver of economic growth is clearly private consumption and public spending, and that state and private investment also play a role to some extent.

The report said exports clearly did not support economic growth this time: while the export economy continued to grow, German companies increased their exports in the second quarter both year-on-year and month-on-month, while imports increased even more.Only the export surplus, the difference between exports and imports, is accounted for as growth, but it fell in the second quarter.That is probably what early critics of Germany's trade surplus would like.