Germany's economy has always been the largest economy of the European zone.This post-industrial country, the basis of which the economy is the service sector, manufacturing (23-28%) and agribusiness (0.5-1.5%).The main characteristics of the economy are well developed infrastructure and highly skilled workforce.
peculiarity of the economic life of Germany are as follows.The country's economy is organized on the basis of socio-market economy in which the social balance combined with market freedom.In the center is the business of the state, which ensures even distribution of social benefits.
In recent years, the German economy was experiencing some difficulties related to the implementation of this model.High social guarantees have led to the fact that a very high percentage (40) goes to wages and social taxes.In this regard, it increased significantly and taxation.Today, the tax rate on retained earnings is 50%.
very important role banks play in the economy, which are the major shareholders of the industrial enterprises in the services sector.Within the territory's economic development takes place unevenly.It is still not removed from the agenda of modernization and integration of the economy of the eastern part of the country.
Overall, the German economy is export-oriented.In recent decades, Germany's presence in the world market has increased significantly.Still major trading partners are European countries (first of all, it is France and the UK).
Statistical Office of Germany has published the latest data on the development of the country in mid-August 2012.During the first half of 2012 the German economy grew by 0.5 percent in the second - to 0.3 percent.Analysts expect a further improvement in the economic sphere: the further growth of the export of German goods, the increase in profits.Germany managed to avoid a recession, despite the fact that industrial production is characterized by a certain slowdown.This decline was offset by growth in the service sector and construction.
In comparison with other European countries, Germany, whose economy has always been a special strength, feels very good.Today there is a decline in the economy of Greece, Italy, Spain, and France is going through a period of stagnation.Against this background, a situation in Germany looks very optimistic.It is because of this country may strengthen the euro against the dollar.
standard of living in Germany is still high, despite the crisis, which has affected almost all spheres of the economy.Of course, the crisis has shaken the country's position, but today it is moving with confident steps towards the restoration of old positions.The economic situation in the country is stable.Experts see the reason for this is that Germany is able to form a stable trade relations with the eastern regions (China and other countries), which are also found to be resistant to the crisis.
German economy today occupies a leading position among European economies.The last two years in Germany were characterized by the highest rates of economic sphere, allowing it to receive positive support ratings.In general, negative economic background Europe Germany even shows a decrease in the unemployment rate, which was made possible by earlier structural reforms.
positive role played by the economy and the fact that the German automotive products successfully mastered the US market.In addition, it should be noted that the crisis has not affected the real estate sector.Increasing public investment has also played a positive role in the country gained its stable position in the international market.
