Making German tank
While Americans are concerned about persistent economic challenges, particularly high unemployment, almost opposite mood pervades Germany Neither the economic crises in the rest of the euro zone nor the instability in the Middle East dampened deep conviction among German business leaders and economists that two decades after the costly reinstatement of East Germany the country restored its economic juggernaut position.
The optimism of Germany appears justified while unemployment in the US has increased during the recent economic downturn, 4 6 percent in 2007 to 9 0 percent in 2011 seasonally adjusted, in Germany it fell from 8 5 percent to 7 1 percent for the first time since 1992, less than three million Germans are unemployed when US President Barack Obama told Americans in his January 2011 State of the address of the Union that the United States needed to double its exports, Germany was quietly become the world's second largest exporter after China, in fact, exports from Germany have contributed two thirds of the country's economic growth during the last decade and have built its GDP per capita rise faster than that of any other industrialized country.
In regard to boosting exports, of course, the need to maintain or even increase the size of the manufacturing sector in particular has been an article of faith in major developed countries for political decades and voters also believe that to have companies doing something is key to economic success, in part because manufacturing jobs have historically paid above average wages for its part, Germany has embraced the manufacturing and much of its economic success with this decision.
German credit both their public and private sector to the success of the country the government of Germany, especially Gerhard Schröder, who was chancellor 1998-2005, played an important role in the economic growth of the country Early 2005 Schröder pushed through a massive reform program parliament called Agenda 2010 it was politically costly for the Chancellor, his party suffered a major loss in regional elections this spring, and when.
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Germany Manufacturing Powerhouse, Germany, manufacturing, the country's economic growth.