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German economy bucked the trend in 2011

Significant economic growth in Germany this year. Compared with last year's fourth quarter, economic growth in Germany in the first quarter of 1.3% in the second quarter than the first quarter rose 0.3% in the third quarter off than the second quarter growth of 0.5%. German government and major research institutions generally believe that even if the fourth quarter growth slowing, growth is expected this year are still around 3%. It can be said that the growth rate among the highest in Europe, but also a lot more than the United States and other Western countries level of economic growth.

As the financial crisis hit in 2009, the German economy has shrunk 4.7%. In 2010, Germany's strong economic rebound, annual growth rate of 3.6%. Given the global and European economy was facing many uncertainties, even in Germany some optimistic economists also believe that, up to the mid-2011, Germany's economic recovery to be the highest level before the crisis. And most scholars tend to set the time of the advent of year-end 2011. Surprisingly, the actual operation of the German economy is far better than expected. In the first quarter, the German economy has reached and exceeded pre-crisis levels of economic output in 2008. This is faster than the optimistic estimate of economists for a full quarter.

This year the general economic downturn in the U.S. and the EU, because faced with a serious debt crisis, governments are tightening the budget. Has the typical characteristics of the German export-oriented economy, why is there such a decent performance?

In fact, the German economy also subject to the debt crisis and the global economic downturn. This year's run is characterized by high to low, in the first half of the growth rate is higher than in the second half. In mid-May, according to the results of the first quarter economic statistics, or even that the German Federal Statistical Office, Germany's economic growth this year may reach a record of more than 5%. Today, Germany's economic growth forecast for the year the value has dropped 3%, indicating the influence of Germany and by the constraints of the global economy is still very large.

German economy has been able to continue growing because of its growth momentum is not only a foreign trade or export, but to domestic consumption and investment. From the German Federal Statistical Office released in late November, statistical data, with the second quarter, private consumption in Germany rose by 0.8%, state spending rose 0.6%. Investment is the same in the third quarter, the investment in machinery and vehicles rose 2.9% over the second quarter. Consumption and investment for the third quarter, the chain contribution to economic growth rate of 0.4%, while foreign trade's contribution rate is only 0.1%.

There are two highlights of the German economy. First, increasing employment, the unemployment rate continues to drop. Statistics show that in the third quarter reached 41.2 million employed persons in Germany, more than last year nearly 50 million, an increase of 1.2%. Unemployment rate fell along the lowest point in 10 years, 7%. Second, productivity continues to increase. Germany's per capita productivity of the third quarter increased 1.3% over last year. Thus it is not difficult to understand why the remarkable economic performance in Germany has.