UID:
kobvindex_DGP1641973420
Format:
zahlr. graph. Darst., Tab., Lit.Hinw. S. 62-63
ISSN:
0043-2652
Content:
The cyclical recovery in Germany has come to a standstill. Following relatively high growth in the first half of 2004, real GDP stagnated in the second half. The main cause was the decline in foreign demand. Real exports only increased slightly, following a double-digit increase in the first half of the year. This was due to the fact that the world economy had lost momentum. In addition, the appreciation of the euro dampened export growth. Domestic demand remained weak throughout the year. Private consumption grew only very moderately in the course of the second half and investment in construction fell again. Investment in machinery and equipment, however, increased by a noteworthy amount for the first time since 2001. On the labour market, the situation continued to deteriorate. While active labour market policies increased the total number of persons employed, the number of employees subject to social security contributions, which may be a better indicator for labour demand, declined further. (Die Weltwirtschaft / SWP)
In:
Die Weltwirtschaft, Berlin : Springer, 1950, (2005), 1, Seite 36-63, 0043-2652
Language:
German
