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Germany logs annual GDP increase of 1.9 percent | News | DW.COM | 12.01.2017
Keywords: Germany Economy, Germany Gdp,
Germany's growth rate for GDP in 2016 was 1.9% compared to 2015. This is the highest growth rate in half a decade, and better than 2015 when the growth in GDP was 1.7%. Fiscal surplus was 0.6% of GDP in 2016. Germany's Economics and Technology Ministry says the economy is improving because of the positive labor situation, rising incomes and consumer spending. Real estate boom is also helping growth, and also the state spending including on refugees accomodation. Exports have surged and the economy has recovered from the Brexit effect. Exports surged to 1.1 trillion euros in 11 months of 2016.
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China is the fourth largest market for German exports, and the growth in the U.S., UK and Eastern Europe for exports is making up for the lower Chinese exports. As a result the economy is proving to be much more resilient than the stock market- the DAX exchange gave up all of the 27% in gains made in 2015 by August 2015 with the crisis in China. Experts see a positive trend for the German economy and the euro was a safe haven in August 2015.
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Germany logs annual GDP increase of 1.9 percent | News | DW.COM | 12.01.2017
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An unambiguous positive effect on the global economy of the 2014-2015 decline in oil prices
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The positive effect on the U.S. measured in percentage of GDP of savings from oil import bills- 0.5%. For Germany 0.8%, Japan 1.2%, China 0.8%, India 1.8%, South Korea 2.4%. A much needed boost for Japan, India, China, and the eurozone at a critical time of flagging economic growth.
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German Business Sentiment Rises Unexpectedly in November
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Germany logs annual GDP increase of 1.9 percent | News | DW.COM | 12.01.2017
DW.COM 01/12/2017
Germany's economy 2016-2018
01/12/2017
Grouped Articles
Germany logs annual GDP increase of 1.9 percent | News | DW.COM | 12.01.2017
DW.COM 01/12/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
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