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obviously.

After 15 years of squeezing labor costs, German companies have nothing left to cut?

Or there is the small thing that Germany is specialised in capital goods, and China and big chunks of Asia are in the midst of a huge industrial investment boom?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Apr 25th, 2007 at 02:53:39 AM EST
[ Parent ]
I think a not insignificant factor is the end of the "business strike": there was a government change, they can't expect any more grand policy changes, so investments went ahead. Another factor is the EU expansion.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Apr 25th, 2007 at 04:03:10 AM EST
[ Parent ]
We're also perhaps finally seeing the German economy emerge from "paying for reunification." There are still social costs to be worked out (c.f. migration patterns, destitution of some elderly in the East and unemployment levels in the East) but maybe things are mostly trending up again?
by Metatone (metatone [a|t] gmail (dot) com) on Wed Apr 25th, 2007 at 04:43:04 AM EST
[ Parent ]

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