Changes of Income Conditions in Agricultural Sector of EU Member States at the Beginning of 2020s

Csaba, Lentner [Lentner, Csaba (Állampénzügyek, k...), author] Kormányzástani és Közpolitikai Tanszék (UPS / ÁNTK); Széll Kálmán Public Finance Lab (UPS / ÁNTK); J.Sándor, Zsarnóczai [Zsarnóczai J., Sándor (Világgazdaságtan,...), author]

English Article (Journal Article) Scientific
Published: ECONOMICS & WORKING CAPITAL 2398-9491 2022 (3-4) pp. 45-53 2023
    Subjects:
    • Europe
    • Economics and Business
    • Agriculture
    • Financial markets, asset prices, international finance
    • Modern and contemporary history
    Germany has an important economic role as base for the economic growth of the European Union. Therefore, it is very sensitivity issue either for EU or Germany to follow the fixed financial and economic development trends in this world-wide side strong German economy. The study overviews the German economic conditions for the period of 2019-2022. For this period Germany has realised less favourable economic conditions in 2020 because of the extending pandemic health crisis. In the same time the real GDP decreased by 4.9%, which was one of the less favourable results within latest years. In 2020 the real GDP growth was at low level, but more than 1%. Germany implemented 2.9% growth of real GDP and 2.9% growth of the labour productivity in 2021. The export rate followed the import rate in order to create the possible positive foreign trade balance. The most economic features of this country relevant to considerable prosperity are based on the overall balance – as governmental budget – general government debt and current account balance – as balance of payment – are focused in this study. Also, the real GDP has considerable influences on the domestic market demand, private and public consumptions accompanying with gross fixed investment and net international investment position of German inhabitants. The study uses the statistical researching methods for analysing wide-side data coming from the official German statistical bureaus. The main solution of the economic difficulties is to develop the gross fixed investment for more developed innovation for the production processes and labour productivity to remain the international competitiveness of the country.
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    2024-07-25 11:33