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Testing Europe's economic motor: the German economy.
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The Economist (US)
- Article date:
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September 2, 1995
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Copyright informationCOPYRIGHT 1995 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Organization for Economic Cooperation and Development reports that the western German economy is expected to grow modestly in 1995-96. Long term problems are forecast though, as rising labor costs should restrict German competitiveness.
OFFICIALLY, thanks to fiddly changes to government statistics, nobody quite knows how Germany's economy is faring. Unofficially, things are not looking good, at least for the country's rich western part. Industrial production in western Germany was barely 1% higher--and new orders only 0.6% higher--in June than in January. An index of business confidence compiled by IFO, an economic-research institute, fell in July for the seventh time in eight ...
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