Despite the positive statistics of recent months, the German economy is approaching the point of diminishing activity. Power Merkel - at low rates of unemployment and a relatively strong economy - this is the main trump cards that used the angel in the presidential race.
Experts believe that the strong economic data of recent months is not very revealing - a temporary phenomenon. Labour legislation is still very imperfectly - it stops the growth of recruitment companies. Germany's aging infrastructure with confidence - business segment reluctant to invest money in it. Another weak link - an imperfect education system and higher energy costs (Germany relies too heavily on renewable resources). And the current German leaders, including key political parties that do not stand up for reform, while preferring to keep the economy like it is.
Production costs per employee rose by only 0.6% from 2000 to 2010. against 1.4% - the value typical for all other developed nations. The World Bank has put Germany only 106th in terms of improving the business environment.
There is reason to believe that the achievements of the German economy in recent months, the credit policies such as the systematic lowering of wages, as well as increased export sales to China. These two factors may soon evaporate.
Real per capita income since the start of the euro is rising rapidly in Germany, 2 times less than in France. Germany, in fact, underpaid its own citizens in the name of getting the trade surplus (reducing wages and increasing exports). However, there is reason to believe that the model of the German economy in the near future can be easily picked up by other European countries.
