BDI Economic Report

The global economic climate remained quite favourable at the close of the first half of 2010.

The German economy is working its way out of the crisis with remarkable speed and vigour. Manufacturing exports are the driver, which continue to benefit from favourable global economic conditions. Domestic demand has been boosted in turn, in many cases more than making up for the effect of expiring economic stimulus
programmes. Capital expenditure has picked up, and consumer spending is contributing to growth too thanks to unexpectedly low post-crisis unemployment. This macroeconomic environment has allowed the German economy to grow significantly faster than the rest of Europe. Even in the unlikely event of a stagnation setting in the second half of 2010, GDP growth would still end up 2.8% higher year-on-year. On the basis of current economic data the BDI believes growth will come in at around 3.5%. Though the global economy is

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Issue 04/2010 (1 MB)
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