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Pay restraint put Germany back on track but at a cost. It has left the economy more unbalanced than ever. Exports are super-competitive. In last year’s annual health-check, the IMF said Germany’s real effective exchange rate was undervalued by 10-20%.
Tags » German Economy
BERLIN — The German government says a three-way meeting on Ukraine among the German, French and Russian leaders is planned during the Group of 20 summit in Hamburg. 89 more words
BERLIN — German Chancellor Angela Merkel stood by her suggestion that Europe can no longer entirely rely on the U.S. and declared Wednesday that Germany and China can work together to help calm the world’s problems. 457 more words
© AFP/File | Low interest rates have contributed to Germans’ inclination to spend over saving while a stronger labour market has boosted confidence
BERLIN (AFP) – German consumers are expected to remain cheerful through July, pollsters GfK said on Thursday, as the public falls in step with general optimism about Europe’s largest economy. 194 more words
By THE ASSOCIATED PRESS
JUNE 26, 2017, 4:33 A.M. E.D.T.
BERLIN — A survey shows that business confidence in Germany has risen to another record high as managers’ view of both their outlook and their current situation brightens. 106 more words
© AFP/File | While the absolute number of people out of work fell by just 9,000 to 2.536 million in Germany, that was enough to bring down the unemployment rate from the 5.8 percent it had stood at in March and April… 202 more words