Germany's economy: It still goes upward.

Discussion in 'Europe' started by ekrem, Oct 28, 2010.

  1. ekrem
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    ekrem VIP Member

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    For first time since re-unification with Eastern-Germany, Germany now has less then 3 Million unemployed. = 7% of total workforce. Exactly 2.945 Million people which are still unemployed.
    Experts say, that in 2012 unemployed will be less then 2 Million.
    Economy will be growing 3.4 % this year.
    Ausblick: Experten rechnen mit weniger als zwei Millionen Arbeitslosen - SPIEGEL ONLINE - Nachrichten - Wirtschaft

    There are still 401.000 jobs available in the economy which have not been occupied.
    Job-Markt: Firmen haben über 400.000 Stellen zu vergeben - SPIEGEL ONLINE - Nachrichten - Wirtschaft

    Several experts say, that in 2012 it is possible to come under 2 Million unemployed, which would represent an unemployment of 5% of total workforce.
     
  2. ekrem
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    ekrem VIP Member

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    Germany's largest market research institute, and the fourth largest market research organisation in the world, GFK
    - wages rose in 2nd quartal 2010 by 2.8%
    - fear of loosing jobs is over, it is expected that Germans will begin to consume
    Konsumklima auf Drei-Jahres-Hoch




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  3. ekrem
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    ekrem VIP Member

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    German Export in-front of record
    Export vor Rekord | Wirtschaft | Deutsche Welle | 19.10.2010

    President of Exporter's Association says, that export will grow by 16% in 2010.
    In 2011 it is expected that German exports will break the psychological barrier of 1 Trillion €.

    That's all coming from workers in high-wage country.

    EDIT: Not $, but €.
     
    Last edited: Oct 28, 2010
  4. ekrem
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    ekrem VIP Member

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    Last edited: Oct 28, 2010
  5. Trajan
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    Trajan conscientia mille testes

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    yes, and-

    see my other thread...
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    But wait...they didn't take Obama's advice and made spending CUTS instead of spending like a drunken sailor.
    And...and...they lowered taxes on businesses...WTF???
     
  7. Trajan
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    Trajan conscientia mille testes

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  8. germanguy
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    germanguy VIP Member

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    Not quite right.
    During the banking crisis, German govt. put all german banks under an large umbrella, so that practically lot of banks are government owned. Also, the state declared, that it guarantees the savings of all citizens in banks (and we are talking about some trillions).
    There was a large state program for investments in the infrastructure etc.
    So, Germany did practically the same as the US.

    The difference is, that our housing market did not collapse and that the german industry still is very middle-class based, and very inventive. Also, the job-market was reformed (by socialists - the social democrats-imagine!) and liberalized.

    Therefore, we are still producing cars, machines and other high-end stuff people around the globe want to buy.
    Unlike the British, Germany never has neglected it´s industrial base.

    So, at the very moment, it is harvest time.

    IMHO, the US has not a problem called Obama, it has a structural problem.

    The industrial base is melting away (look at Detroit and Ohio) and lots of jobs were lost there.
    I do not have an in-deep knowledge of the US economy, but it seems to me, that a lot of things you can buy in the US are not necessary worth to export. I remember the washing machine my aunt in Detroit had - to me it was third world tech, compared to a Miele or a Siemens.
    So, instead blaming Obama, the US industry should get it´s stuff together and should start to produce things wanted and sold abroad.

    Regards
    ze germanguy
     
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  9. Madeline
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    Madeline BANNED

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    Germanguy! Ain't seen you in a dog's age. How the hell are ya?

    Happy Halloween, germanguy! Must be nice to celebrate this holiday near the Black Forest.

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  10. editec
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    editec Mr. Forgot-it-All

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    The German government is one of the oldest semi-socialist societies on earth.

    Basically the German government understands that is duty is to the German people.

    So comparing that government to ours is pretty much impossible.
     

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