US Treasury Calls For Demand Boost
A small article on a concern by the US over the small growth in Germany. Germany claims their policies are not obstructing companies from improving. Considering how minimal their growth in GDP is and what it is predicted to be in the next year, should Europe be concerned since this is their greatest economy?
What do you think the implications of Germany's economy has on the rest of European economies? Currently, Europe makes up about $20 Trillion of the GDP for the world so does having such little growth in their best economy have a direct effect on our GDP to grow? Why does the US Treasury need Germany to have a demand boost?
I believe that Germany's economic status has great implications on the rest of the European economies. As stated in the article, Germany is Europe's largest economy and is vital to its recovery. Although the progression of the German economy is crucial for overall economic success, it doesn't mean that there will be direct correlation in the progression in the American economy. The American government must be weary of its own financial growth, and make sure that there aren't any obstacles standing in the way of our growth. As the German Finance Minister stated, "trust the American government".
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