G EEEE RRRR AAAA NNN YYYY MMMM -...
-
Upload
vuongquynh -
Category
Documents
-
view
221 -
download
0
Transcript of G EEEE RRRR AAAA NNN YYYY MMMM -...
Economy Overview
• Projected GDP = 1.8%
• 10 consecutive years of economic
expansion
• 1 Million jobs will be added in 2019
• Export growth of 2.8% in 2018 and
expected 3.7% in 2019
Exports, Imports and
Trade
EXPORTS:
• Automotive (BMW, Audi, Porsche)
• Machinery
• $37 Billion in raw and processed agricultural goods
• 3rd largest exporter
IMPORTS:
• $973 Billion
• 3rd largest importer
• Vehicle parts and cars
TRADE:
• Trade surplus of $276.6 billion (2017)
Global Economic Outlook
• Accounted for 28% of entire EU Economy
• Largest economy in Europe
• Better managed growth since the financial crash
• 4th Largest nominal GDP globally
• 5th largest GDP (PPP)
Unemployment
• Lowest Unemployment Levels since 1990
• 3.4%.
• Trending
towards level not seen since
1980s
Financial Markets
• Main exchange is the Frankfurt Stock Exchange
• Major index is the DAX, 30 Major Companies on the FSE
• Includes Adidas, Bayer, Deutsche Bank
Currency Conditions
• Euro (EUR) since 2002
• European Central Bank
• Exchange Rate
• EUR 1 : USD 1.15
• USD 1 : EUR .87
• Big Mac Index – 19.2% undervalued
Country Risks
• Uncertainty in the European Union
• Ageing Population and low fertility rates
• China's involvement in Germany's economy
• Intervention by German government
• High marginal income tax rates and strict labor laws
Socioeconomic Culture
• Ranked 3rd in the GCI
• Highest country within the
European Union
• Biggest strengths in innovation
capacity, business dyamism, and
health.