For a long-lasting upswing? – the current economic situation and prospects for 2011&12
After the deep recession in 2009, the German economy experienced an upswing which has been surprisingly strong. In part, this reflects that Germany was above all hit by a foreign trade shock, whereas the economy itself was in a rather sound condition. Thus Germany benefitted – different from other European countries – strongly from the revival of world trade. However, at the same time the monetary conditions improved quite a lot for Germany in the aftermath of the financial crises. The ECB policy rate seems to be too low given the capacity utilization in Germany; from the introduction of the Euro until 2008 the situation mostly was just the opposite. Therefore, there is the chance of a lasting upswing.
Following the presentation participants will be able to raise questions and discuss related items.
Snacks and refreshments will be provided.