Economic Trends in Germany
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Transcript of Economic Trends in Germany
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Economic Trends in GermanyEconomic Trends in Germany
Andreas GurschActing Director
German Trade Office Taipei
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SurveySurvey
- Review to 2005, End of Schröder-era- Analysis of Germany´s economic
situation- The year 2006, The Merkel-era- Germany´s foreign affairs- Germany´s economic outlook- Germany´s best technologies
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Review: End of Schröder era 2005Review: End of Schröder era 2005
Germany West EastUnemployed 4,7 Mil. 3,2 Mil. 1,5 Mil.
Rate 11,4 % 9,6 % 18,2 %
Vacancies 460.000 360.000 100.000
Unemployment in August 2005
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Economic spirit in 2005: How is your business outlook?
Companies
„All right“ 20 %
„Rather good“ 51 %
„Rather bad“ 22 %
„bad“ 7 %
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Analysis of Germany´s strength
- World´s market leader in export- High innovation; „Land of ideas“, most patent
applications worldwide- High qualified employees- Very good infrastructure- World´s leader in environmental protection and
protection of natural resources- Small and medium sized companies as driver of
economic cycle- High degree of social peace
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Analysis of Germany´s flaccidities
- Domestic demand is too low- Economic growth below average in the EU- Problems with educational system asserted by
the european PISA-study- Social peace attacked by „Hartz IV“-law- 3 % budget deficit limitation by the EU
complicates investment
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The Merkel-era, the year 2006The Merkel-era, the year 2006
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rate in % 12.1 12.2 12 11.5 10.8 10.5 10.5 10.5 10.1 9.8 9.6 9.6
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Unemployment in 2006
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2005 2006
„All right“ 20 % 32 %
„Rather Good“ 51 % 51 %
„Rather bad“ 22 % 15 %
„Bad“ 7 % 2 %
Economic spirit in 2006: How is your business outlook?
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What happened?What happened?
Schröder- AGENDA 2010- Employment law
(liberalisation of job protection)
- „Hartz IV“-law- Environmental
technology
Merkel- Fiscal reform- Tax reform- Social law (health)
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Hightech-MasterplanHightech-Masterplan
- Incentives for more venture capitalism- Encourage people to start their own enterprise- Support programmes for research companies- „Knowledge makes markets“-campaign to support
co-operation between small-and-medium-sized- enterprises and universities research institutes
- Advancement of innovation in small-and-medium-sized- enterprises
- Counteract the lack of specialized staff
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Germany´s foreign affairsGermany´s foreign affairs
Presidency of the European Union in 2007
Presidency of the G 8 in 2007
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Main focus of G 8 PresidencyMain focus of G 8 Presidency
„Growth and responsibility“ as a
guiding theme
Design of globalized world economy
Development of Africa
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Main focus of EU presidencyMain focus of EU presidency
European constitution Design of economic, social and
ecological future Area of freedom, peace and law Common foreign and safety policy
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Germany´s economic outlookGermany´s economic outlook
2007 is supposed to become a booming year!- VAT-raise of 3 % surprisingly doesn´t stop
growth of domestic demand- Consequently tax revenue raises and budget
deficit is minimized- Unemployment rate is supposed to lower from
10.8 % in 2006 to 8.8 %- Expansion of industry production and even the
building industry
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Germany´s best technologiesGermany´s best technologies
Automotive sector
Renewables sector
Electrical and machinery sector
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Thank you for your attention
For more information about German companies and technologies please contact the
German Trade Office Taipei 4F, No.4, Min-Sheng E. Rd.,Sec. 3 Taipei 104, Taiwan Tel: +886-2-2506-9028 Fax:+886-2-2506-8182 http://taiwan.ahk.de