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Article: East German flood may boost economy in West Germany
- Article from:
- Chicago Sun-Times
- Article date:
- November 11, 1989
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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FRANKFURT, West Germany The exodus of hundreds of thousands of
East Germans could actually boost West Germany's economy, providing
even more customers for goods and property in Western Europe's
economic powerhouse.
"Most of these people have nothing. They need everything,
starting with pots and pans and through to television sets," said
Heino Ruland, economist with Morgan Stanley.
Economists believe the stream of disillusioned East Germans will
boost Bonn's gross national product, a measure of economic growth, by
roughly one half of a percentage point annually.
Main beneficiaries of the upheaval will be the building and
retail sectors but others also look like gaining, they said.
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