German economy: The lies behind the surprising growth of THE WORLD

updated: 11:43 PM read | write duration: 3 minutes

the Strongest growth in five years

source: The world

The German economy grew by a whopping 1.9 per cent – as strong as in the past five years. And this time it was not even the Export, the made sure.

source: The world

The strongest growth in five years, reported the German economy. By a whopping 1.9 percent of the gross to put domestic product in 2016. Another Surprise: the driver was not at this time of the Export.

Dstrong consumption in the German economy in 2016, has resulted in the strongest growth in five years. The gross domestic product (GDP) grew by 1.9 percent, as the Federal Statistical office in Berlin announced on the basis of preliminary Figures.

Thus, the growth of real economic output was again on the 1.7 and 1.6 per cent as a result of relatively strong years. A considerably stronger economic growth there was last updated in 2010 (plus 4.1 percent) and 2011 (plus 3.7 percent) – at that time the German economy had to work, however, the deep recession of the global crisis year of 2009 up.

at The end of the year, won the German economy even faster. According to initial estimates, the Wiesbaden-based statisticians, the GDP in the last three months of 2016, compared to the previous quarter to about one-half of one percent. The previous Quarters were weaker.

The purchase desire of the consumer, and the expenditure of the state, also for the accommodation of hundreds of thousands of refugees, contributed significantly to the growth. The Federal citizens, the money is loose. The labour market situation is historically favorable, with low Inflation – even if inflation increasing in December due to higher energy prices.

The private consumption price expenditures were adjusted to 2.0 per cent higher than a year earlier, the national consumer spending climbed even to 4.2 percent. Economists assume that the consumer will remain in the current year, the mainstay of the German economic recovery.

Import depend on exports

Also, the continuing real estate boom, there is momentum. In addition, companies invested 1.7 percent more in machinery and vehicles.

The strongest growth impulses came from foreign trade, although Germany’s export control your according to the latest calculations of the Federal office for the full year of 2016, a record result. The Export of Goods and services was 2.5 percent higher than in the previous year, imports increased but even by 3.4 percent.

the GDP was Generated in the year, an average of almost 43.5 million people; this was according to statistics, the highest level for 25 years. Labour productivity – measured as the price-adjusted GDP per working hour was 1.2 percent higher than in the previous year.

billion for the public coffers

The good economic situation, the public coffers filled. The Federal government, Länder, municipalities and social security funds ended the year with a Surplus of 19.2 billion euros, the statisticians said, citing preliminary calculations. Thus, the state closed the third year in a row with a Surplus. A minimal deficit was recorded in Germany, most recently in 2013.

Overall, from the castle of the Federal its budget for the second Time in a row, with a billion surplus. “We will have this year a Surplus on balance of 6.2 billion euros,” a government official said in Berlin. Will be supported by a robust economy, lower interest costs, higher than planned Bundesbank profit and weaker outflows of capital expenditure. “We want to propose to the Bundestag to make use of this money for debt repayment,” said a government representative. The Billion reserve for refugee costs had to be invoked.