• Economy

    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…