Many analysts consider what's happening to Germany's economy to be something of a miracle. Growth could exceed the three percent mark this year, and unemployment is on a steady decline.MADE IN GERMANY is looking into this "economic miracle". Our reporter Miltiades Arsenopoulos visited companies in the state of North Rhine-Westphalia, including the machine building company Reifenhäuser near Cologne. The mid-sized business is getting many of its new contracts from the growing "BRIC nations": Brazil, Russia, India and China.
At least, much of Europe's troubled manufacturing isn't outsourced to China! The US election is tomorrow (Nov. 2) and fed-up American voters want to appoint new leadership with promise of new jobs, jobs kept here & American citizens get the jobs. We see what took place in Germany (Merkel), France (Sarkozy) & Britain (Cameron): the rise of new & improved capitalism without the corporate greed or financial fraud that brought down the Bush administration & put the world economically upside-down. +
demikede1 1 year ago
"BRICA" if you include "A" for Abu Dhabi or Dubai (or BRIC-UAE) when it comes to economic prosperity in the developing world. Germany, as well Canada, South Korea & Australasia (plus New Zealand) were the least affected by the economic crisis in the last 2 yrs. South Korea has about 6% unemployment, probably the culture has emphasized job-hunting in the lowest ebb of economic growth they also shared. Germany experienced a recovery, so has the recent French birth rate: "L'expection Francaise". +
demikede1 1 year ago