GERMANY 2011: DB RESEARCH

January 5, 2011 at 1:26 am | Posted in Economics, Financial, Germany, Research | Leave a comment

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DB Research – Germany: With strong tailwind into 2011

Tue 1/04/11

Dear reader,

We have issued the following publication “Current Issues” – which is available at our website: http://www.dbresearch.com/MAIL/DBR_INTERNET_EN-PROD/PROD0000000000267794.pdf

Germany: With strong tailwind into 2011

Our forecast of 2% GDP growth in Germany in 2011 is indeed quite optimistic. Moreover, there are two articles in this issue of Current Issues which demonstrate that the financial and economic crisis has not dampened growth potential in Germany. On the one hand, no structural imbalances developed prior to the crisis. On the other hand, in particular the labor market reforms and successful company restructuring over the last decade have ensured that the German economy is in excellent shape on an international comparison. The adjustment processes had, however, resulted in weak growth in household income. This could now improve. Private consumption is expected to grow by almost 1 ½% p.a. on a medium-term horizon.

This would, however, be a sustainable performance that is not based on debt and real estate bubbles – in sharp contrast with the considerably higher consumption growth in several countries before the crisis.

Internet: http://www.dbresearch.com

contact us: marketing.dbr@db.com

DB Research – Germany: With strong tailwind into 2011

http://www.dbresearch.com

Tue 1/04/11

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