Germany in Good Shape Ahead of Tough Year

BERLIN, Jan. 9, 2013 /CNW/ - As the Eurozone faces up to various stern tests of togetherness, economic durability and toughness in 2013, Germany's economy is preparing to be one of few national economies to maintain growth during these tough times.

Foreign trade has been the main industry upon which Germany has relied to keep itself going forward, with exports set to show a 4.1% rise for 2012, according to government forecasts. This development is expected to continue, while an increasingly competitive global economy is expected to boost Germany's investment figures as well. Germany Trade and Invest will once again be at the forefront of this development, helping all incoming foreign investors and German investors looking to optimize their businesses for the coming, challenging year.

"I have no doubt that 2013, like 2012, will pose significant economic challenges as the Eurozone continues to work together to pull itself back into a positive economic situation," said Dr. Benno Bunse, CEO of Germany Trade and Invest.

While the overall GDP has hit a small dip in the uphill road in Q4 2012, most German industrial sectors remain steadfastly optimistic about the figures for 2013 continuing an overall upward trend. The German Institute for Economic Research (DIW) has predicted an overall growth of 1.6% in GDP for 2013. A Roland Berger study points towards a rapidly-growing market in Environmental Technology as a stronghold as well, with Germany maintaining a 15% share of an increasingly global market set to double in size within the next 12 years.

"Germany's traditional strengths: engineering, technological research, education and stability will be attractive facets during challenging economic times, and should prove worthwhile assets for investors to buy into and for foreign economies to welcome into their territories," continued Dr. Bunse.

"Germany's economy, like those of all Eurozone members, has taken a heavy strain over the past four years. But we have managed to remain stable and positive, and we are still looking positively at a challenging but opportunity-laden 2013."

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

SOURCE: Germany Trade and Invest

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