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.
