UID:
kobvindex_DGP1642507172
Format:
graph. Darst., Tab., Lit. S. 264
ISSN:
0043-2652
Content:
The German economy has not yet found out of the phase of stagnation it has been in since the fall of 2000. This spring, aggregate production even fell, again. Real GDP decreased in the second quarter of 2003 with an annual rate of 0.2 percent, following a decline in the preceding two quarters. Main reason for the fall in the second quarter was the slump in foreign demand which was due to the decline in production in the euro area as well as to the appreciation of the euro that had been taking place since spring 2002. Domestic demand, in contrast, continued to increase. Job losses continued, although at a slower pace than before. Still, the trough of the cycle now seems to have been passed. For the third quarter, the indicators point to a moderate increase of GDP. Orders to manufacturing have picked up in June and July and industrial production jumped up sharply in July. In addition, the business climate has improved, reflecting not only an improvement of business expectations but also the fact that the current business situation is evaluated more positively. (Die Weltwirtschaft / SWP)
In:
Die Weltwirtschaft, Berlin : Springer, 1950, (2003), 3, Seite 240-264, 0043-2652
Language:
German
