Saturday, January 21, 2012

GERMANY GROWN 3% IN 2011 AND REDUCED ITS DEFICIT TO 1%


German Gross Domestic Product (GDP) grown 3% during 2011, and its public deficit was only 1% of GDP, despite of debt crisis and world’s economic weakness.


Statistical office (Destatis) remembered today that german economy grown 3.7% in 2010, and that the GDP was reduced 5.1% in 2009.

Descent of that 1% will allow Germany to observe for first time in three years the limit of 3% that establishes euro’s stability agreement. Germany break that agreement in 2010 (4.3%) and 2009 (3.2%).

The office said that thanks to the good national situation, Germany got the last year to reduce its debt.

Last year, German state, federate state and town’s red numbers were 26,700 million euros, but two years ago they were 105,860 million euros.

German economic institutes say that probably the weakness of the crisis, and debt crisis in euro area will affect Germany. That effect will do that Germany only grows 0.5% in 2012.


Erik Rios Salazar

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