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A robust rebound, but susceptible to downside risks
- The German economy is forecast to grow 3.4% in 2011 and 1.9% in 2012
- Private consumption expected to pick up, while exports and investments growth remain robust
- Continued boom of key industries such as automotive, chemicals, machines, etc.
- Troubles in some minor sectors remain
- Corporate insolvencies will decrease at least 5.0% in 2011
*forecast
Source: Consensus Forecasts (Survey date July 11, 2011)
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General Information
Capital - Berlin
Currency - Euro (EUR)
Population - 82.3 million
Main import sources (2010)
- China - 9.5%
- The Netherlands - 8.5%
- France - 7.7%
- USA - 5.6%
- Italy - 5.4%
Main export markets (2010)
- France - 9.5%
- USA - 6.8%
- The Netherlands - 6.6%
- UK - 6.2%
- Italy - 6.1%
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Date August 2011
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