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A short presentation about the major key facts of the German economy in English.

A short presentation about the major key facts of the German economy in English.

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Germany Germany Presentation Transcript

  • German EconomyLecture „Economía Española y Mundial“Barcelona, 18th of October, 2010
  • What is the first thing coming into your mind about Germany?18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 2
  • Content Page A. Introduction: Key Facts and Figures 3 B. Significant Aspects of the German Economy 5 B.1 Strenghts in Industry and Service Sector 6 B.2 Germany as the Exportnation 7 B.3 Governmental Activities during Financial Crisis 8 B.4 Social Systems, Education and Infrastructure 9 C. Summary and Future Prospects 10 C.1 Position in Global Economy (SWOT) 11 C.2 Economic Outlook 12 D. Sources 13 Contact/ Team 1418. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 3
  • A. Introduction18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 4
  • Domestic demand supports German Economy: Germany expects its highestannual growth since 1991 Key Fact Overview Economic Growth (GDP) Economic Growth (GDP) Export and Import 2008 – 2010 [Bil. EUR] Export and Import 2008 – 2010 [Bil. EUR] Added Value GDP by Sectors 2009 [%] Added Value GDP by Sectors 2009 [%] • GDP is expected to grow by nearly 3,5 Import 2010; Export 9E+0 Agr. & 1.000. Constr. percent in 2010 5 000,0 Forest 2008; 2009; 5% • Domestic demand can be seen as „the 8E+0 7E+0 1E+0 1% 8E+0 5 5 6 5 Industry engine“ 22% • Inflation around +1% • Growth expected to slow down in 2011 (+2%) 08 09 FC 10 08 09 FC 10 2,5% 1,3% Unemployment and Fiscal Deficit Service Unemployment and Fiscal Deficit 3% 72% • Unemployment decreased to now 6,8% (August 2010) • Strong German „Mittelstand“ • Fiscal deficit ratio is expected to decrease from • Main goods: Automotive, Machinery, -5% 3,8% to 2,7% in 2010 Chemical Products FC 2007 2008 2009 2010Source: destatis - Statistisches Bundesamt; GfK – Gesellschaft für Konsumforschung18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 5
  • B. Significant aspects of the German Economy18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 6
  • B.1 Strenghts in Industry and Service Sector18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 7
  • German economy develops into a service based country – offering high levelservices Strenghts in Industry and Service Sector Big Industry Big Industry Medium Size and Small Industry Medium Size and Small Industry Service Sector Service Sector • Main companies and sectors • Efficiency and quality • Changing into a „Service Society“ • Traditional market contraction • Competitive Supply and different • Composition work system • Importance of immaterial factor and Research and Development18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 8
  • B.2 Germany as the Exportnation18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 9
  • After China, Germany is the 2nd biggest exportnation in the World – that meant803,2 Billion Euros income from the export in 2009 German Exports Exported goods and services 2009 Exported goods and services 2009 Total exports 2009-2010 [Mio. EUR] Total exports 2009-2010 [Mio. EUR] Top 10 Export Partners Top 10 Export Partners [% in ref. to the total] [% in ref. to the total] Vehicles; France, 10,3 % 17,4% ("#""" United States, 8,8 % $#""" Other; 48,7% Machinery; 12,5% "#""" United Kingdom, 8,3 % &$#""" &"#""" Italy, 7,2 % %$#""" %"#""" Netherlands, 6,2 % Chemicals; 11,4% $$#""" $"#""" Belgium, 5,6 % Metals; 5,6% !$#""" Electrical Austria, 5,4 % machinery; !"#""" 4,4% Spain, 5 % • Main companies and sectors Switzerland, 3,8 % • Traditional market contraction China, 3, 2%18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 10
  • B.3 Governmental activities during Financial Crisis18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 11
  • Merkel, Steinbrück and other politicians initiated massive governmentalprograms to save banks, the Euro and German Economy Timeline Governmental ProgramsSource: destatis - Statistisches Bundesamt; GfK – Gesellschaft für Konsumforschung18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 12
  • Positive Development and Forecasts of main indicators acknowledge succesfulmanagement in companies and politics during economic crisis Development of selected Indicators Unemployment Rate [%] Unemployment Rate [%] Gross Domestic Product [Bill. EUR] Gross Domestic Product [Bill. EUR] Foreign Trade Balance [Bill. EUR] Foreign Trade Balance [Bill. EUR] Positive Development18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 13
  • B.4 Social Systems, Education and Infrastructure18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 14
  • Governmental systems and activities provide a basis for stability and healthand a flexible, future-oriented economy Social System, Education and Infrastructure Social System Social System Education Education Infrastructure Infrastructure • Health Insurance • Decisional and legislative structure • Transport • Long-term care insurance • Academical Career • Health • Pension Insurance • University, Research and Development • Work Accident Insurance • Unemployment Insurance18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 15
  • C. Summary and Future Prospects18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 16
  • C.1 Position in Global Economy18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 17
  • Although German economy is strong and in a leading position, Germany has todeal with some very serious weaknesses and threats… SWOT Analysis Strenghts Strenghts Weaknesses Weaknesses • High innovation rate/ high skilled labour • Few natural ressources • Strong export • Demographic change (many old people, less children) • Price stability, low inflation • High public deficit • High investments in Research and Development Opportunities Opportunities Threats Threats • Euro-zone • Outsourcing • Human capital mobility • High dependence on external markets • Member of European Union and World Trade Organization • Dependence on energy and oil supply18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 18
  • C.2 Economic Outlook18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 19
  • Due to high domestic and external demand the german engine will keepworking in 2011 Economic Outlook Macroeconomic Recovery 2010/ 2011 Brisk foreign Increasing Increasing Rising export Rising Profits demand Investments Industrial Output Positive employment trend Higher Rising consumer Positive disposable income spending economic growth Economic stimulus packagesSource: German Information Centre Pretoria – „Economic situation in Germany in August 2010“18. Oktober 2010 © German Economy – Battistini, Klein, Kürten, Lüdemann, Matolcsy, Ragno, Weidner 20