German Made "Super Size" German Economy

The Germans recently like to use the X L to describe this year's triumph. German economy 。 The growth of 2.2% in the two quarter of this year has delighted the Germans. Recently, a series of forecasts of the economic situation of the institutions have coincide with the view that Germany's economic growth will reach over 3% this year. The report thinks that next year, even if there is a slowdown, the growth rate will be over 2%. Despite doubts about the sustainability of Germany's economic development model, the economic crisis for Germany is in the past. The Germans believe that the German economy is on a sunny road, and Germany's manufacturing industry is the main driving force for the achievement of the "super size".

The 2010 world economic outlook released by the International Monetary Fund on 2010 6 is not optimistic about the euro area economy. It forecasts that the economic growth in the next two years will be 1.7% and 1.5%, respectively. As an economic leader in the euro zone, Germany's economic growth will reach 3.3% this year and more than 2% next year. The main force to stimulate economic growth is still export. Germany's export growth this year is 16.75%, and next year it will increase by about 8%. Business sentiment is also rising. A survey of 700 German companies shows that 58% of the enterprises believe that the fourth quarter of this year will continue to improve, and 2/3 enterprises are optimistic about the outlook for the next 12 months. The booming manufacturing sector has led to an active labour market. This year, Germany. unemployment rate Month by month drop. According to the German Institute of macroeconomic and economic prosperity, the number of unemployed people has decreased by 200 thousand this year, or around 3 million 200 thousand, to 2 million 900 thousand next year.

Although the export led economic development mode has made Germany get out of the shadow of the financial crisis quickly, the dissatisfaction and attack of other European economies on the German model has also made the Germans feel grim. The biggest criticism of the German model is that the German economy has been dominated by exports and domestic demand has always been weak. The latest figures show that Germany's investment and consumption are also on the rise, which is very exciting for the Germans. As the employment situation improves and income growth expectations are better, German consumers are finally willing to spend money. Germany's domestic demand growth is 2.25% this year and 1.25% next year, according to the German Institute for economic research. In terms of figures, the increase in domestic demand is much lower than that in exports. However, the sharp increase in exports was caused by a sharp decline in the financial crisis and a relatively low base. Relatively stable domestic demand growth is of great significance to the German economy. The growth of domestic demand will support Germany's sustained economic growth next year when all economic growth is likely to slow down.

"Super size" is the fundamental driving force for the German economy. Made in Germany "And" made in Germany "is strong enough to" knock ordinary metals into a technological wonder that shocked the world ". It has been predicted that China is the "terminator" of German manufacturing, but the fact is that emerging countries such as China and India have provided an unprecedented and fast growing market for German manufacturing. Moreover, the premium that customers are willing to pay for "made in Germany" is steadily increasing. Even those countries that attack German export models are willing to buy German products. Statistics show that Germany's export growth to the largest importer in the world is two times that of China since the end of 1990s. German economist Hermann Simon said, "China may be the world's factory, but German companies are the makers of the world's factories".

Others have predicted that globalization will make Germany's traditional high wage economy no longer comfortable, because the future belongs to high-tech and service industries, rather than old-fashioned manufacturing. But Germany subverted ordinary people's views and insisted on their own development model, which provided valuable experience for other economies.