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GDP Growth – GER
GDP Growth Rate for Germany (2020 Q1) On 15th Mai 2020, German Federal Statistics Office (DESTATIS) has announced the recent figures for the German gross domestic product (GDP) growth rate for the first quarter of 2020. As expected before, Covid-19 had a drastic effect on the output. The price-, seasonally and calendar adjusted GDP fell sharply by 2,2% compared to the fourth quarter of 2019. Change on the same quarter a year earlier occurred as also 2,3% down. This drop is the largest decrease since 2008/2009 Global Financial and Economic Crisis and second after the German Unification in 1989. In the press conference it is stated, that household consumption expenditure…
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GDP Growth – USA and GER
GDP Growth Rates for the USA and Germany (2019 Q4) Although advance growth estimates were released previously, I preferred to wait for the third estimates for a healthier analysis – which are released on March 26. According to the US Bureau of Economic Analysis (BEA) real gross domestic production (GDP) increased at an annual rate of 2,1% in the third quarter of the year 2019. Compared to the same period of last year, the growth rate is 2,3%. The engines of growth are; positive contributions from personal consumption expenditures, private inventory investments, exports, residential fixes investment and federal/local government spending. At the above graph, I have plotted the percentage change…
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GDP Growth – USA and GER
GDP Growth Rates for the USA and Germany (2019 Q3) Although advance growth estimates were released previously, second estimates – which are released today – enable us to conduct a more confident analysis. According to the US Bureau of Economic Analysis (BEA), real gross domestic production (GDP) in the USA increased at an annual rate of 2,1% in the third quarter of this year. Last month’s advance estimate was 1,9% and complete data now shows that the economy is getting slightly better. The reason behind that is; positive contributions from personal consumption expenditures, private inventory investments, exports, residential fixed investment and federal/local government spending. At the above graph, I have…
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GDP Growth – USA and GER
GDP Growth Rates are revealed for the USA and Germany (2019 Q2) Today we had two important data on the gross domestic production (GDP) figures from the leading economies. Firstly the US Bureau of Economic Analysis (BEA) has released the GDP growth figures and than German Statistics Federal Office (DESTATIS) followed it. Both figures indicate a contraction compared to previous period, but let’s have a closer look. At the above graph, I have plotted the percentage change in GDP values both annually and quarterly. Figures are seasonally adjusted and chained to a reference year. Annual changes, which compares the data with the same quarter of the previous year, are represented…