According to Destatis, Germany's Q1 GDP data confirms that capital income is in free fall, whereas labor income continues to hold up well:
Compared to Q1 2008, labor income is up 1 %, whereas capital income is down an unprecedented 21 %.
(For comparison: In Q4, the numbers were +4 % for labor income, and -6 % for capital income)
Shaun Rein on the TSM
vor 1 Jahr
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