Gavekal Capital: Germany: Q3 GDP

Friday, November 22, 2013

Germany: Q3 GDP

In the wake of recent criticism by the IMF (and even the U.S. Treasury) that it is too reliant on its exports, Germany released its detailed Q3 GDP report today.  And, while trade contributed quite a bit to the country's output in Q2, the balance on goods and services actually detracted from GDP in the most recent quarter. The largest contributions were made, rather, by the consumption and investment components:

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