Economist: Germany's Economy - Read to Motor?, in: The Economist, Aug 18th 2005 2005.

"...Suddenly Germany looks relatively healthy, and there are grounds for cautious optimism that things could get better still—but only if the political winds blow in the direction of more reforms. This is why German's general election campaign, which leads to a parliamentary election scheduled for ...

THEMES: Economist
YEAR: 2005
 

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Summary
"THERE has been much pessimism about Germany's economy in recent years: too much, perhaps, judging by recent evidence that it has quietly started to do better than most people expected. Among the positive signs has been a strong performance by its big companies, which have reported healthy profits. Even unemployment, for long a black spot, is beginning to fall. And although many Germans still question the case for further economic reform, they have to admit that their country is doing much better than, say, France or Italy, partly because of recent reforms. Suddenly Germany looks relatively healthy, and there are grounds for cautious optimism that things could get better still—but only if the political winds blow in the direction of more reforms. This is why German's general election campaign, which leads to a parliamentary election scheduled for September 18th, could be decisive economically as well as politically."