Thats so awesome, because the economic growth in my wallet is -25%. Fucking muppets.
Ferraris for all!
Economic growth is a bit secondary at the moment. If anything there will be a bigger problem down the line if there is growth mixed with high inflation.
The key question is getting that inflation to 2%.
I am not interested in GDP growth, because GDP growth in Spain is actually driven by population growth rate, and the growth rate of GDP per capita has long been offset by population growth. If our GDP growth will accompany depopulation things will be better for us. In the past two decades Spain gains 7 million habitants, that’s not good news.
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It’s great to see the German government’s commitment to economic growth in 2023. However, it’s important to keep an eye on inflation as well, as it stood at 6.9% last year. If we can manage to keep inflation in check, then the economic growth should be even more beneficial to us all.
Mini economic growth, massive loss of purchasing power due to inflation without pay rises. Wonderful.
That picture symbolizes perfectly the state of digitalization in Germany.
13 comments
Thats so awesome, because the economic growth in my wallet is -25%. Fucking muppets.
Ferraris for all!
Economic growth is a bit secondary at the moment. If anything there will be a bigger problem down the line if there is growth mixed with high inflation.
The key question is getting that inflation to 2%.
I am not interested in GDP growth, because GDP growth in Spain is actually driven by population growth rate, and the growth rate of GDP per capita has long been offset by population growth. If our GDP growth will accompany depopulation things will be better for us. In the past two decades Spain gains 7 million habitants, that’s not good news.
​
It’s great to see the German government’s commitment to economic growth in 2023. However, it’s important to keep an eye on inflation as well, as it stood at 6.9% last year. If we can manage to keep inflation in check, then the economic growth should be even more beneficial to us all.
Mini economic growth, massive loss of purchasing power due to inflation without pay rises. Wonderful.
That picture symbolizes perfectly the state of digitalization in Germany.
Much wow
There’s something remarkable going on with the wider European economy, btw. Despite all the doom & gloom last year, EU actually outgrew US last year and it wasn’t really close [(3.5% vs 2.1%)](https://www.wsj.com/articles/eurozones-economy-outpaced-china-and-u-s-in-2022-11675161027) and EU is projected to outgrow US next year as well [(1.6%](https://economy-finance.ec.europa.eu/economic-forecast-and-surveys/economic-forecasts/winter-2023-economic-forecast-eu-economy-set-avoid-recession-headwinds-persist_en) vs [0.9%](https://www.oecd.org/newsroom/economic-outlook-slightly-more-optimistic-but-fragile.htm)). So if EU can outgrow US this year as well, and it looks relatively well set to do so, that would be first time ever that EU economy outgrew US economy three years in a row. To add to the economic weirdness, [southern Europe is outgrowing northern Europe](https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD) with all southern European countries, both southern EU and western Balkans, performing well and multiple northern European countries stagnating or shrinking (Sweden and UK most notably).
So basically nothing.
Thats 100 percent more. 👍🥂
He’s holding a chart so this must be true.
Ok, so 0 got it