Surviving the crisis | Made in Germany
- 12 years ago
The global economic slowdown has spelled trouble for the automobile and mechanical engineering sectors. But Germany remains the contradiction: here, strong industrial output has staved off economic woes.
Though critics have dubbed Germany the "old economy", a new study from the Cologne Institute for Economic Research shows that the country's manufacturing prowess has provided stability through rocky times. In fact, in Germany the industry share of economic output has stayed put at about 22 percent—the highest in Europe. For more go to http://www.dw.de/made-in-germany-the-business-magazine-2012-10-30/e-16298612-9798
Though critics have dubbed Germany the "old economy", a new study from the Cologne Institute for Economic Research shows that the country's manufacturing prowess has provided stability through rocky times. In fact, in Germany the industry share of economic output has stayed put at about 22 percent—the highest in Europe. For more go to http://www.dw.de/made-in-germany-the-business-magazine-2012-10-30/e-16298612-9798