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Twenty-five years ago, East Germany adopted the deutschmark as its currency. In terms of East German economic development, monetary union proved to be a disaster. With virtually no warning, East Germany's few productive factories and businesses were exposed to free market competition; industrial...
Persistent link: https://www.econbiz.de/10011288338
The German economy is continuing on an upward trend. Due to surprisingly weak production at the start of this year, GDP is likely to increase by 1.8 percent and is therefore growing somewhat slower this year than previously predicted. Growth of 1.9 percent is still expected for the coming year....
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The vast majority of workers rate their professional occupations positively; only one in eight is unhappy with his or her job. This has been the case for the past 20 years. There is little difference in the degree of satisfaction between genders, workers in West Germany and East Germany, or...
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The German economy is on track, and will likely grow by 1.8 percent this year; in the coming year, with a slight increase in dynamics, it will grow by 1.9 percent. With these figures DIW Berlin confirms its forecast from this summer. Employment growth continues; the unemployment rate will...
Persistent link: https://www.econbiz.de/10011341102
The European Union is currently experiencing its largest influx of asylum seekers in years. Yet the distribution of these refugees across the member states is highly uneven: Large countries such as the United Kingdom, France, Italy, and Spain, as well as the Eastern European countries (apart...
Persistent link: https://www.econbiz.de/10011341103
The German economy is expected to grow by 1.7 percent this year, and to maintain this pace in 2016 as well. The rate of growth should slow down slightly (to 1.5 percent) in 2017, but only because the number of working days will be lower due to the timing of public holidays. The global economy is...
Persistent link: https://www.econbiz.de/10011416893
In spite of persisting unfavorable external economic conditions, the German economy's upward trend continues, with a growth of 1.2 percent expected for the coming year - slightly less than the 1.8 percent growth rate of 2016, a difference primarily due to the fact that 2017 has fewer workdays. A...
Persistent link: https://www.econbiz.de/10011575761