Germany's Economy Catches the Euro Flu
While much of the rest of the euro area is in recession or close to it, Germany has managed to keep growing as painful labor market reforms in the early 2000s boosted productivity and restrained wage growth. With help from a weak euro, Germany has offset weak demand from the euro region with exports to emerging markets, especially China, which values German-built trains, power equipment, and machine tools.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.