Germany experienced the largest decline after World War II

Deguolianbangtongjiju 13, announced that, according to preliminary statistics, Germany's economy in 2009 compared with the previous year 5% amyotrophy, as after World War II Germany's largest decline occurred. At the same time, when Germany public budget deficit of $ 772 million euros, representing 3.2 per cent of GDP.

Decline in investment-export

Germany's economy down can be attributed to the economic crisis caused by the decline in exports and investments. According to statistical data, 2009 Germany exports decline 14.7% reduction in equipment investment, 20%, construction investment decline 0.7%.

However, because of the relatively stable prices, coupled with the Government of Germany had taken such as "trade-in" buying a car, and other crisis measures effect is clear, then Germany public consumption expenditure growth 0.4%, Government consumption expenditure increases 2.7%. Thus, Germany's economy avoids the previously expected the worst result – atrophy 6%.

Outlook 2010, Germany's Government to initial estimates of economic growth of about 1.5%, many of the economic research institutes are also considered Germany's economy will achieve growth, increase of 1.6% to 2.3%. This suggests that the economy this year Germany is expected to be substantially better than last year.

Germany Commercial Bank Chief Economist Joerg · Cray defaults to now see clearly "the recession is over, but the economic crisis has not yet been passed".

Recovery trend is still vulnerable

Germany Kiel Institute Director snow analysis with Eritrea. In his view, Germany's economy started to render stabilized to good sign, but the recovery trend was also very fragile. Economy to rely mainly on five factors that fiscal policy stimuli, large amounts of money invested, the stock market rise, people confidence restored, as well as China and India and other developing countries, economic recovery.

But snow Earl also pointed out that the five major risk factors are present.

For example, fiscal policy, Germany's national highs, tax has been reduced, is not conducive to long-term economic development; monetary policy, the Western "quantitative easing" policy cannot be sustained because none of the Central Bank can afford unlimited corporate debt and public debt burden; securities market, the United States stock exchange listed companies value has been overestimated by about 50%. But as the economic crisis is the one bright spot in the developing countries, if its economic stimulus plan, and then by the end of the main developed countries, economic recovery slow drag, its economic growth rate may slow down, and this will in turn affect Germany export-oriented economic recovery.