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Germany's economy: The export model sputters
Oleh:
The Economist
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 391 no. 8630 (May 2009)
,
page 47.
Topik:
Germany
;
Business Model
;
Export
;
Economic Growth
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.55
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
IT HAD been purring along nicely, handling the twists and turns of the world economy, powering past rivals, inspiring envy. But in recession Germany’s export-led model is sputtering more than most. The European Commission now expects German output to shrink by 5.4% this year, compared with a 4% drop in the European Union overall; the German government predicts a 6% plunge. Most of the contraction will be in exports. Countries with similar models are thinking of trading them in. It is “no longer realistic to hope that Japan’s growth can come back just by exporting the same products,” the Japanese prime minister, Taro Aso, told Handelsblatt newspaper. Philipp Hildebrand, president of Switzerland’s central bank, expressed similar doubts. Germany’s economic press is peppered with articles asserting that the country “needs a new business model”.
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