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overtheedge
Member since May 2012
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IMF Halves Germany 2013 GDP Estimate; Still Too Optimistic - Mish - Global Economic Analysis

Perhaps a bit dated, but in Feb 2013, the Target2 credits for Germany were about 576B Euros.

So how much of this Q1 GDP growth was actually interest on Target2 credits accumulated by Germany?

Commented 4181 days ago

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Beginning of the headline :With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast. Germany's 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe's strongest economy could worsen if a eurozone recovery fails to materialise. The IMF said falling business investment and the eurozone's ongoing recession,... Read More

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