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Title:German industry : A tower of strength? PDF Logo
Authors:Lucke, Dorothea
Issue Date:2012
Citation:[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 2 [Year:] 2012 [Issue:] 1 [Pages:] 15-23
Abstract:By the summer of 2011, Germany industry was back at levels last achieved before the economic crisis, thanks to continuous growth in production since early 2009. The recovery was driven by strong domestic and foreign demand for German capital and intermediate goods. However, the Ifo Business Climate Index, which has contracted since July 2011, and fewer orders suggest that industrial production will decline by the end of 2011. The duration and intensity of the slowdown will depend not least on how quickly policy-makers take convincing measures to resolve the debt crisis in the eurozone and thus allay widespread uncertainty among investors.
Subjects:forecasts
business cycles
industrial production
JEL:E23
E37
Document Type:Article
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW Economic Bulletin

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