Business development: Germany 1962 - IN 2001

1. Business development: Germany1962 - IN 2001 By Per and Thimo

2. Summary of the most important events: 1962 - 2001 • During the reign of Federal Chancellor Ludwig Erhard and Hans Kiesinger in the 60s, was the time of the dynamic economic growth with rates of 7.5 percent. Germany grew in the 60s faster than other EU states, nevertheless, it was concerned than strong export nation substantially stronger by the recession 1966/1967 than most. • After the "boom" the first big economic crisis met particularly Europe, under it Germany with full hardness. On average the general growth rates of the west-European gross home product fell about 2.8 percent for the period of 1970 – in 1982. Especially in Germany under the controlled SPD Federal Government of Willy Brandt and Helmut Schmidt on 2.4 percent. • Between 1984 and 1990 developed Germany under the government of Federal Chancellor Helmut Kohl and the European national economy in general one positively. After the case of the wall in 1989 and the official reunion of the Federal Republic of Germany the economic dynamism grew in general better than of other 15 EU states.

3. Debt state: • As the social-liberal government coalition in 1970 which had taken over full responsibility for the budget the debt state of the German state lay less than 17 percent of the real gross home product. Helmut Kohl had to take over at the beginning of his reign a debt mountain which already lay more than 40 percent of the BIP. • On account of the structured and well organised consolidation politics of federal Minister of Finance Gerhard Stoltenberg one succeeded in braking the increase of the state debts in the 80s in Germany strongly. The state debts reached about 1989 41, 8 percent of the BIP, while have risen in the EU average of from 49 to 54 percent. • On account of the rising debts in Germany and the always sinking indebtedness rate of the EU states Germany approaches the average of the EU states.By the fact that many groups and have to announce proficient insolvency the indebtedness rate rises in Germany rapidly. It is estimated that at the beginning in 2011 the state indebtedness is so high, Germany hardly possibilities has this rate in shortens to lower.

4. Unemployment: • The unemployment poses in Germany already for many years a massive problem of the economy. • Since 1962 the unemployment rises inexorably, of that time approx. 0.6 percent on 7.6 percent 2001. By the economic crisis Germany has already reached a proportional value from 9.2. • Nevertheless, the EU average lay between 1962 and 2000 consistently higher than Germany. Under the CDU the controlled Federal Government in the 60s a full employment ruled in Germany, even if in the GDR productive projects were not always explained. By the social-liberal Federal Government the rate of unemployment always rose. Under Federal Chancellor Helmut Kohl she grew of 1983 – in 1989 only slightly further, sank in 1990, however, again on the value of 4.8 percent, while the average lay in the EU states at 9.4 percent. • In the 80s and 90s Germany always kept under the EU average what changed in the beginning of 2000, however, since then there lies Germany about the rate of unemployment (EU).

5. Sources: • http://www.wikipedia.org • http://www.deutschland.de • http://www.zeit.de • http://www.faz.net