French economy blows past Germany (people, Germans, Hungary, cons)

[Winterfall8324]

https://think.ing.com/snaps/german-e...p-with-france/

German economy cannot keep up with fast growing France. Apparently Germany is reliant on exports and with the shipping crisis their economy is not recovering post-covid.

Meanwhile France's internal consumption is giving it a bright future blowing past its Europeans peers.

Do people in France feel this 3%+ growth and are Germans jealous?

[Greysholic]

Blow past? Are you serious? Germany had a smaller recession in 2020 (though still large) so the 2021 yoy growth is smaller. Growth between 2019 and 2021 is equally tragic between the two.

2019 to 2021 Q3 growth rate

[Tedster24]

Does that graph tell us that Ireland really blows?

[Brave New World]

Originally Posted by Tedster24

Does that graph tell us that Ireland really blows?

I think it's Ireland that's had the positive growth, although Ireland's GDP is currently only growing by 0.7% and I am not sure how the new global tax arrangements will effect Ireland, or potential EU rules, as Ireland is a low spending economy and is often classed as a tax haven.

Luxembourg and Estonia are also basically tax haven, whilst Lithuania has been included in a list 58 countries with very low or no tax status.

Whilst Income tax in Romania is charged at a flat rate of 16%, whilst Hungary and Poland also have similar very low tax rates.

I think you will be starting to see a pattern or bigger picture by now.

[Greysholic]

Originally Posted by Tedster24

Does that graph tell us that Ireland really blows?

Leprechaun economics.