The Wonderful Boom In Our German Economy
Filed in Economy
It seems that exports from our wonderful and business-minded country have created a lot of consumer spending and spurred much hiring. This is a promising outlook for the future of Germany’s economy.
Per reports, the economy of this country is expected to grow 2% this coming year and it is predicted to even reach 1.5% in 2012. Goals of large corporations are being met and beat, meaning even they can’t fully predict what growth Germany will really attain.
Of course, we Germans are enraptured with the predictions. It simply validates our good sense and determination to succeed. Certainly it has sparked incredible consumer confidence, thus spending.
Last year, unemployment dropped by a huge margin. This is happy news for all of those who have been out of work and struggling to make ends meet.
Elsewhere in Europe, prospects are not as great. But this simply means that the outlook for Germany remains good. We become the country to turn to for excellent service, fair prices and quality goods. :-)
The president of one of Germany’s leading think tanks has also predicted a golden age. He had a view when he wrote his book, “Can Germany Be Saved?” which was one of pessimistic outcomes — but he has changed his views. He believes it has now been saved.
This is likely true. The German people are enjoying a strong economy and don’t intend to let it slip. They see it in life each day as shoppers turn out to buy their goods, employees work hard at their jobs and factories produce high quality goods.
Although in 2008-2009 output was cut as the threat of a depression loomed, Germany’s factories have made a comeback, and are enjoying a prosperous 2010 and 2011.
One of Audi’s executives has commented that 2010 was their best year ever. So the faith that good times are returning is strong and stable. And it seems it is wide spread through all areas of the country.
The reasons Germany’s economic structure prospers have been under investigation from a number of sectors, and no one can agree on a common factor. Speculation runs high. However, it should seem obvious that Germany should carry on doing what it’s doing to maintain its forward push toward prosperity.
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5 Responses to “The Wonderful Boom In Our German Economy”
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It’s really wonderful.
That’s great news. It means good things for not just Germany, but all of the world economies.
This prosperity doesn’t surprise me at all, Germany is a country with good people who are hard workers and who don’t give up. I hope other countries will take a lesson from the way Germany is doing things.
How is it faring right now with the whole Euro / Greek financial problem though?
Disclaimer: I’m not a financial expert. Though, ironically, it seems to be giving our economy an even stronger push up. ;-)