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While many countries in the euro area are deep in recession due to a debt and structural crisis, the German economy appears to have excelled compared to many other euro area countries. Unemployment has fallen to the lowest level since German reunification, economic output has grown by over eight...
Persistent link: https://www.econbiz.de/10010318051
Only strong economic growth will help Europe emerge from its crisis. The reforms implemented to date at national and European level have failed to impact the economypositively; this is due to excessive national, corporate, and private debts, the flawed banking system, the lack of structural...
Persistent link: https://www.econbiz.de/10010369527
Based on capital stock, in total, over six trillion euros less was invested in the European Union between 1999 and 2007 than in the non-European OECD countries, including the US, Canada, and Japan. In the euro area, investment was more than 7.5 trillion euros less than in non-European OECD...
Persistent link: https://www.econbiz.de/10010369531
The construction industry remains a key pillar of the German economy. According to the latest construction volume calculations by DIW Berlin, the value of construction in 2014 and 2015 is forecast to grow far more rapidly than the economy as a whole: by a price-adjusted 3.3 percent and 2.1...
Persistent link: https://www.econbiz.de/10010464645
Persistent link: https://www.econbiz.de/10011372007
Investment in public infrastructure is essential to ensure competitiveness and create growth potential. Although Germany certainly has a well-developed infrastructure compared to other countries, local public infrastructure has been in decline for many years now. This means that current levels...
Persistent link: https://www.econbiz.de/10011372012
The construction industry has been a key pillar of the German economy in recent years. New residential construction played a major part in this with the volume of new construction growing nominally by over 60 percent between 2010 and 2014. The development of construction work on existing...
Persistent link: https://www.econbiz.de/10011405444
Although the federal government has been taking steps to strengthen investment in Germany, it remains considerably low. This includes private investment, on which thepresent study focuses. German companies are barely investing more than they did before the crisis, but this is not the case...
Persistent link: https://www.econbiz.de/10011460716
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