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View Full Version : France and Germany Exit Recession



LAKERMANIA
08-13-2009, 01:33 PM
Stronger exports and consumer spending, as well as government stimulus packages, contributed to the growth.

The data came as a surprise, with few analysts expecting Germany and France to start to recover so soon.

But economic activity in the eurozone fell by 0.1%, showing the region as a whole is still in recession.

It was the fifth consecutive quarter of economic contraction in the eurozone, but was a marked improvement on the 2.5% drop recorded in the first three months of the year.
BBC.com (http://news.bbc.co.uk/2/hi/business/8198766.stm)
This came as a surprise, apparently consumer confidence went up along with stimulus packages by the government, and they have seen a small increase in their economy..

Thoughts?

behindmydesk
08-13-2009, 01:41 PM
jesus Germany is going to march all over France in the rebound. I just know it. Why because that's what Germany does, march in france!


But this is awesome news.

cabernetluver
08-13-2009, 02:19 PM
jesus Germany is going to march all over France in the rebound. I just know it. Why because that's what Germany does, march in france!


But this is awesome news.

I am with you, well at least about this being awesome news. This economic downturn was the first truly world wide downturn since the depression, so it stands to reason that the upturn will be reflected in a world wide way.

Can't wait for them to start buying Volts and Catepillar tractors.

ari1013
08-13-2009, 03:24 PM
BBC.com (http://news.bbc.co.uk/2/hi/business/8198766.stm)
This came as a surprise, apparently consumer confidence went up along with stimulus packages by the government, and they have seen a small increase in their economy..

Thoughts?
Their exports are riding high and pulling the rest of their economy up. I think it's too early to call the recession over for them because chances are they'll see a negative growth rate this coming quarter -- but they've definitely moved up from the bottom.

On the other hand, we've officially bottomed out and by next quarter we'll be where they are right now.

cabernetluver
08-13-2009, 03:46 PM
Their exports are riding high and pulling the rest of their economy up. I think it's too early to call the recession over for them because chances are they'll see a negative growth rate this coming quarter -- but they've definitely moved up from the bottom.

On the other hand, we've officially bottomed out and by next quarter we'll be where they are right now.

:clap:

IndyFan
08-13-2009, 09:38 PM
great news.

with the dollar so low against the euro, maybe this will pick up some export or tourist bucks for the US. nice to get some balance of trade stuff working for the US.

:)

ari1013
08-14-2009, 09:30 AM
That's what the Bush Admin was hoping when they started fooling with the exchange rate -- and it didn't really work. It's because the Europeans have huge incentives to buy within the Euro-Zone and we don't really do that same thing for American products.

Bourbon41
08-20-2009, 04:32 AM
BBC.com (http://news.bbc.co.uk/2/hi/business/8198766.stm)
This came as a surprise, apparently consumer confidence went up along with stimulus packages by the government, and they have seen a small increase in their economy..

Thoughts?

How did those darn socialists beat us?

/sarcasm

BaustinSali08
08-20-2009, 05:17 AM
great news.

with the dollar so low against the euro, maybe this will pick up some export or tourist bucks for the US. nice to get some balance of trade stuff working for the US.

:)

Hopefully, I just pray that Chicago gets the Olympics that would boost the economy. Yeah it's far out, but it generates money years before it actually happens.