Tuesday, September 28, 2010
Turbocharged Germany
Its seems like the European model is working well as opposed to the U.S Model. Most European country experienced growth in the 3rd quarter as well as falling in unemployment rate. Germany's growth owed a lot to a surge in exports, especially come from customer such as China. Meanwhile the relationship between America and China is quite unstable and who knows if China might be the savior, after all, of the world's economy, "If German exporters are thriving, it means that someone out there in the world economy is still spending freely."
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2 comments:
It sounded like a miracle that Germany is experiencing growth rate and the falling of unemployment rate. This is probably due to the fact that Germany has chosen the new target market: China. Its cars, for instance, have been targeted for the growing middle income class in the fast growing developing countries.
I agree with Mesaban. I cant believe Germany is having any growth success. China has stepped in and bolstered German exports, nearly tripling sales of Mercedes luxury cars in July alone. This recent surge has also helped German employment. Unemployment has decreased because firms issued flexible wage hours and now the UR is lower than before all of this happened
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