Sunday, August 14, 2016

Germany defies sluggish economy – THE WORLD


Despite sluggish global economy pushes Germany the economy in the euro zone unexpectedly powerful. The Gross Domestic Product (GDP) increased in the spring to 0.4 percent, according to official data on Friday. Thus the plus to the amazement of many experts was twice as high as expected. Buy Joyous consumers supported the recovery, which benefited surprisingly also from export business. Germany is thus beside Spain and the Netherlands locomotive of the euro zone, while France and Italy’s economy did not come from the spot. Overall, there was enough in the currency area for an increase of 0.3 percent. At the beginning it was still twice as large. Professionals but are now divided on whether Germany after the shock of the Proposed referendum on United Kingdom membership of the European Union-vote further remains the economic locomotive.

With the anti-EU vote in Britain June 23 to take the concerns in the economy, because the United Kingdom is the third largest export market for Germany. “The local growth will be significantly lower as a result of the referendum,” predicts the president of the Berlin research institute DIW, Marcel Fratzscher. Commerzbank chief economist Joerg Kraemer considers this warning exaggerated. He increased its growth forecast for 2016 to 1.8 percent even. He is more optimistic than the German government, which expects 1.7 percent.

The economy was launched in 2016 with full steam and was 0.7 percent, the strongest growth laid for two years. That it was going to come in the spring to a slowdown, experts had expected. Not, however, that the exporters despite the adverse global economic environment even growth impetus provided. However, recently went less deliveries to countries outside the EU – including the world’s biggest economies USA and China . Therefore, among the economists there is skepticism. “Overall, it is hard to keep the pace of growth,” said DIHK Vice director Volker Treier

was held back the economy between Aachen and Berlin by a reluctance to invest: in particular for equipment and buildings gave the company less money. With this development Economists had also expected because the mild winter weather had made at the beginning for a boost in construction – orders were therefore preferred. Yet reason sees the head of the Institut der deutschen Wirtschaft Köln (IW), Michael Huether, for concern. “The weaker investment growth is questionable Securing the competitiveness and hence the medium-term growth potential is here actually more ahead.”

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