Monday, October 11, 2010
Turbocharged Germany
The article states that German economy doing well. The economy grew by 2.2%, unemployment is slowly decreasing and exports to emerging economies increasing, proving that there are people out there buying. Export of luxury cars to India and China increasing, showing increased purchasing power of developing nations. Countries with strong ties to Germany also increasing exports... Is this growth stable? and if so, how long until we feel it in America.
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2 comments:
Unemployment in Germany is currently at 6.9%, considered a decrease from its past. This is due to the exporting of cars that are targeting the emerging middle classes in China and India. I believed that this growth will be relatively stable as Germany captures the new market that is growing in developing countries.
I agree with the above comment but also want to share an observation about the growing export trend within Germany and that is that only the developing countries such as China and India are showing increasing demand; however, the USA and Europe are lagging behind! Have the two developing countries found a better way out of the recession?
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