Global Economy & German Exports
Global economic integration is one of Germany’s key economic strategies. The export of goods and services constitutes around half of Germany’s gross domestic product. All in all, in Germany nine million jobs, i.e. almost a quarter of all jobs, are dependent on foreign trade. The BDI works actively to ensure that global access to markets remains a key responsibility of foreign trade policy.
- BDI Economic Report - April 2012, 24.04.2012
“German industry has never exported more goods than in March 2012."
Forecasts for global economic growth have fallen since the end of last year.
After the clearly deteriorating prospects for growth in the global economy at the turn of the year, in recent weeks increasing signs of a brighter picture have emerged.
Global economic growth has again increased significantly after the slump in 2009. After an increase of 5.1% in 2010, the IMF forecasts real GDP growth of 4% in 2011 and 2012.
A Résumé for 2011 and aprognosis for 2012: The current situation and further development of global economy remains dominated by the increasing uncertainty whether the EU will succeed in overcoming its own debt crisis.
»Next year German exports will grow by around three percent. And with that the export engine will cool down dramatically after 
It has rarely been as difficult to predict our economic future as it is now.
Global real economy is intact. Political toolbox is nearly empty.
Current developments on the international financial markets are cause for very serious concern. The global financial and economic crisis of 2007 to 2009 appeared to be over, but now, in the early autumn of 2011, the situation is threatening to escalate again.
German industry is expecting an eleven percent increase in exports this year.
Exports of the chemical-pharmaceutical industry boomed in thecourse of 2011.
During two years of strong growth, German industry has notonly managed to close the gap that opened up in the crisis, it has already surpassed pre-crisis levels of economic output.
"The decision by the World Trade Organisation (WTO) on China is an important signal worldwide that there should be no arbitrary restrictions on access to raw materials for companies from other countries and that existing regulations should be respected,"
The B8 - G8 Business Summit - which is a group formed by the most representative business associations in the G8 countries, was hosted by MEDEF, on April 8, in Paris.
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Contact
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BDI - Bundesverband der Deutschen Industrie e.V.
Tel: +49 (0) 30 2028-0
Fax: +49 (0)30 2028-2450
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Contact person
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Oliver Wieck
Tel: 030 2028-1562
Fax: 030 2028-2562
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Address
Street address
Breite Straße 29
10178 Berlin
GermanyPostal address
BDI – Bundesverband der Deutschen Industrie e. V.
11053 Berlin
Germany
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