French & German GDP figures for the second quarter show it clearly - black on white, finally the economic growth substantiated. Technically this means Germany and France are out of the recession, yuppiii, yep yey, you might think.
This is not quite the case thought. It seems most of the growth was spawned by govermental rescue packages and incentives that initiated good levels of consumer spending (i.e. old car exchange incentives). Export levels in germany have indeed increased, however imports have fallen which in fact inflates the GDP figure with a certain uncertainty.Let us hope the largest shrinking of worldwide economies is over soon, but maybe getting too excited too quickly will be a mistake.
mountainmininginvestment.com-I received $150,000 liberty reserve
ReplyDeleteThe Mountain Mining Investment Limited is a unique, financial gold, nickel and uranium mining company whose business strategy is to acquire royalty interests in gold
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Date: 08/19/2009 16:57
Batch: 13237xx
From Account: U6525495 (Mountain Mining Investment)
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