“The numbers show what several parameters already pointed out: Germany has first-rate international competitiveness. But there’s a downside: low wage growth and domestic demand for years. German surplus is still high, putting pressure on our partners inside and outside the eurozone and complicating the settlement of the crisis in Europe” declared Gustav Horn when presenting the study carried out by his Institute. The study precisely sheds light on this recent but distinct turnaround which shows that, since 2011, labor cost in Germany is no longer lower than in the eurozone, as was the case between the creation of the euro and 2010.
ng revived domestic consumption and a good impact on Germany’s economic partners in Europe. (Ref. 120702)
“The numbers show what several parameters already pointed out: Germany has first-rate international competitiveness. But there’s a downside: low wage growth and domestic demand for years. German surplus is still high, putting pressure on our partners inside and outside the eurozone and complicating the settlement of the crisis in Europe” declared Gustav Horn when presenting the study carried out by his Institute.
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