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Summary of Country Report

Germany - April 2012

 Map of Germany


Despite a slowdown in 2012 the economy remains resilient

  • German GDP growth is forecast to slow down in 2012.
  • Domestic demand will be the main driver of economic growth.
  • German exporters have outperformed forecasts in early 2012.
  • The German economy remains susceptible to downside risks.
  • We estimate that corporate insolvencies will increase 5 % in 2012 and level off in 2013.

GDP growth (% change on previous year)

Chart: Germany Real GDP Growth (%)

Source: HIS Global Insight

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General Information

Capital: Berlin
Currency: Euro (EUR)
Population: 82.3 million
 
Main import sources (2011)

  • China: 9.7%
  • The Netherlands: 8.4%
  • France: 7.6%
  • USA: 5.7%
  • Italy: 5.2%
  • United Kingdom: 4.7%

Main export markets (2011)

  • France: 9.4%
  • USA: 6.8%
  • The Netherlands: 6.6%
  • United Kingdom: 6.2%
  • Italy: 6.2%
  • China: 5.7%

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Date: April 2012

 

 

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