posted on Jan, 17 2013 @ 10:17 AM
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Economic miracle in the midst of crisis
Germany makes Plus again!
Experts expect a strong 2013
Larger economic miracle in the midst of crisis: Germany remade Plus
Germany has more money in the till
Amid the European debt crisis, the German government in 2012 for the first time in five years, achieved a surplus!
Federal, state, local government and social security measures along a more than 2.2 billion they spent.
The surplus equivalent to 0.1 percent of gross domestic product, the Federal Statistical Office reported.
"The surplus in the state budget is very remarkable. Lets have him rising employment and high income business. It is not on the spending restraint of
the state, "says Joerg Kraemer, chief economist at Commerzbank.
2011 there had been a deficit of 0.8 percent and 4.1 percent from 2010, even. Was a surplus it most recently in 2007 with 0.2 percent.
Reason for the improved public finances, the record employment and rising wages.
2012, there were as many workers as never before! But the euro crisis has also left traces in Germany. more ...
Thus grew the tax revenue of the state, while the statutory health and nursing care as well as the Federal Employment Agency reported higher
Municipalities therefore managed a plus, the social even a "strong surplus".
"The federal government reduced its deficit from the previous year again significantly," explained the statisticians.
Its debt is estimated to have last year at about 22 to 23 billion euros. By 2016, the federal government wants to be in the black.
The SPD Vice Heil will absorb rising energy costs with a "current price brake". more ...
Even with the economic performance sets to Germany - last year by 0.7 percent.
2011, the gross domestic product had risen (GDP) or by 3.0 percent. These were, however, to catch-up after the global economic crisis of 2009.
2013 beckons a mini-growth
For this year, economists expect another relatively weak growth, but should be stronger during the year.
However, the federal government has its forecast for BILD information, halved for the current year.
Said German Economy Minister Philipp Roesler expects for 2013 an increase of gross domestic product by 0.4 percent.
So far, the government had expected for 2013 with 0.8 percent growth. Reason, decline in demand in many countries due to the euro crisis.
"For 2013, I expect - after a weak 1st Quarter - a significant recovery. Jump then hopefully in the second half, the business investment again,
"said Joerg Zeuner, Chief Economist of KfW.
He continues: "Because of the sluggish start in 2013 Germany but can only achieve real growth of similar magnitude as the 2012th Not until 2014, then
two per cent, or even something more in it, if the rest of Europe has found a path of growth. "
For 2014 expected Rösler a noticeable recovery in the economy. The German economy is expected to grow by 1.6 percent.
Employment also continues to increase. During the year 2013, the number of workers will rise to an average of 15,000 according to the report.
Did in 2012, the German economy in a difficult economic environment shown to be robust and the European recession braved said the president of the
German Federal Statistical Office, Roderich Egeler.
Was a small damper, between October and December.
End of 2012, the German economy shrank sharply and thus stood on the cusp of recession. The gross domestic product has fallen from October to December
by about 0.5 percent on the previous quarter, according to the statisticians.