European Commission and Portuguese Government for example, have tried to manipulate public opinion about the virtualities of the bad options of Economic Policy by the second quarter figures of 2013 that we analyse in the previous messages. They don´t took about the bad first half figures, the resultant of the the first and second quarters.
For European and Portuguese GDP we can´t calculate the first half figures of 2013 at this moment.
But for Germany we can and we can see the differences between unadjusted and adjusted figures:
The unadjusted figures with adjusted prices signalize a negative rate change of German GDP in first half of 2013 compared with first half of 2012.
In contrast let we see the oficial version of DESTATIS (https://www.destatis.de/EN/PressServices/Press/pr/2013/08/PE13_269_811.html;jsessionid=9A00D9507491A101B68FD6144E0E8C85.cae3):
«Press release 269 / 2013-08-14: Gross domestic product up 0.7% in 2nd quarter of 2013»
In the second quarter of 2013, positive contributions were made mainly by domestic demand. Final consumption expenditure was up both for households and government when compared with the previous quarter. Also, there was a marked increase in fixed capital formation, one of the main reasons probably being weather-related catch-up effects following the unusually long and cold winter. In addition, the quarter-on-quarter increase in exports was somewhat larger than the rise in imports, so that the balance of exports and imports also contributed to GDP growth.
In a year-on-year comparison, too, the GDP increased. The price-adjusted GDP in the second quarter of 2013 was by 0.9% higher (by 0.5% in calendar-adjusted terms) than in the second quarter of 2012.
According to provisional calculations, the GDP in the second quarter of 2013 was achieved by 41.8 million persons in employment in the domestic territory, which was an increase of 242,000 persons or 0.6% on a year earlier.
In the context of the first calculation of data for the second quarter of 2013, the results published so far for the last four years (from 2009) were also revised and corrected where required, as is done every year in August. Corrections of the seasonally and calendar-adjusted results may occur in the entire time series from 1991.
The current recalculation resulted in change rates for the annual and quarterly GDP which deviate by up to 0.5 percentage points from the results published before. Especially the GDP change rates for the quarters and the year of 2011, for which results of annual basic statistics were now available for the first time, were mainly corrected upwards (see table entitled “Comparison between previous and new results – gross domestic product, price-adjusted, chain-linked”).
Such regular revisions are conducted on a routine basis, so that the calculations include statistical information that has just become available. The calculation of the GDP and other macroeconomic aggregates is thus successively put on a statistically better founded data basis. The complete basic statistics required for a “final” calculation of national accounting results are available after four years at the latest, so that the results will be final and will no longer require regular revision only after that period.
More detailed results will be released by the Federal Statistical Office on 23 August 2013. (...)»
Better for German Government isn´t it? We will wait for National accounts with first half figures for all countries!
In the forthcoming German elections the persons of Germany will decide what kind of Germany and Europe wish.
Die PARTEI Partei für Arbeit, Rechtsstaat, Tierschutz, Elitenförderung & basisdemokratische Initiative (The PARTY Party for Work, Rule-of-Law, Protection of Animals, Advancement of Elites, and Grassroot-Democratic Initiative) a political party with few votes in a recent iniciative about Tourism in Berlin (http://www.spiegel.de/international/germany/satirical-party-die-partei-holds-tourist-protest-at-brandenburg-gate-a-916817.html)
The rise of the German Pirate Party and a image of a school censorship of it website.
Die Grünen can have a determinant role in German election. Below the happiness of the victory in Stuttgart (2012).
SPD still the hope for a political change in Germany ...
Greece still an example of the German Government failure in the european crisis management! Portugal also! Devaluation is not a way ... Valuation yes!
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