German Finance Ministry monthly report released in September, is expected to German GDP in 2010 grew by 3.4%. The same period, France, Italy, the Spanish government on their growth forecasts for 2010 at 1% -1.5%, 1.1%, 0.4%, or even still negative in the Greek.

German Finance Ministry said that the economic rebound due to global economic recovery in Germany to promote exports. According to the German Bureau of Statistics, December 2009, the exports of Germany has shown positive growth year on year, ending the previous 13 consecutive months of negative year on year growth record. Since March 2010, exports grew nearly 20% of the average speed, speed up to 25.6% in August. German Exporters Association predicted that the German export industry growth in 2010 or a 10-year high.

Adjust the structure, day laborers system

German economic performance in the highly competitive high-tech products are mainly exported, particularly in the manufacturing machinery, which the German economy since World War II related to the structure, “Germany” 60 years after the war has been the main pillar of the German economy. According to the World Bank report, the German manufacturing value added share of gross domestic product was 23%, well above the national average of 17% high-income ratio. For decades, Germany’s manufacturing-led export trade has been ranked first in the world ranking over the years the world “export champion”, replaced by China until 2009.

80s of last century, “Germany” met with strong competition in Japan, but then the German industrial sector reforms set off the wave of technology, re-adjust the industrial structure, again with the German tradition of high-tech manufacturing industries to re-occupy the world market. Current German environmental technology industries (wind, solar, biological) in an advantageous position among the world market, including wind power equipment manufacturer with 50% of world market share, information and communication technology has been following the automotive and electrical / electronics industry after the third-largest economy, in the field of biotechnology and gene technology outside the United States the most powerful location.

Matthias L rch these summed up as “high-quality German goods” and “massive investments in research and development” by promoting the growth of trade. “Many German companies are highly concentrated in certain products, such as machinery manufacturing, but also in the development of new products and new technologies and product research and spend a lot of money.”

Manufacturing capacity, the German labor force is the rapid recovery of German exports the main driving force. In the financial crisis, Germany implemented a system of day laborers, that is, a voluntary reduction of working hours for all employees and wage cuts, which reduce costs, while retaining the number of workers in the crisis can quickly expand production capacity.

“Many German companies in the financial crisis to retain all of their employees, so now you can quickly expand their production capacity. The German export industry can be an important reason for success.” Matthias L rch said.

Growth rate of up to 15% this year

“In fact the economic crisis suffered heavy losses since the German exports. In 2009, German exports of goods and services fell by 14.3%.” Stefan Schneider told reporters. “But Germany is due to rebound in international trade and investment-led recovery in the global economy, many in the global recession pent-up demand was released.” Macro trend of the Deutsche Bank economist Stefan Schneider, chief international interview held that.

German Exporters Association (BGA), said this year’s data, last year’s good performance was due to a severe recession and the global fiscal stimulus plan.

“We expect exports to Germany in 2010 to grow by about 15%, in 2011, when the one-time effect reduced, and the stronger euro, the export growth rate will be reduced to 7% to 8%.” Stefan Schneider said.

Central banks of Germany, 2006-2009 German exports to the sub-regions of the world regional statistics show that the financial crisis, Africa and Asia to become Germany’s major export drive “hero.” In 2008 Germany’s exports to Africa grew by 11.6%, 2009 growth rate of -12.4%. 2008 German exports to Asia grew by 7.5% in 2009 to -7.0%, much higher than the 2008 and 2009 German exports to the U.S. growth rate of 1.1% and -23.5% level. China plays a particularly important role. After the financial crisis, China has become Germany’s export trade continued to export the country’s fastest-growing in the country in 2008, an increase of 13.9%, 7% in 2009, becoming in 2009 the export value of positive growth in Germany the only country.

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