Germany will keep growing faster than the rest

Germany is in the dawn of golden times with strong economical growth and increasing wages. The opposite goes for Southern Europe, where they will keep muddling through for a long time.

This is the prognosis of the five German economical institutions in their autumn prognosis. They are expecting a growth of 3.5% of the German economy for this year. In 2011 the growth will draw back to 2%, but the unemployment rate is in its lowest level since 1992. Last year the country was one of the first EU members to meet the requirement for budget deficit after the crisis, which is 2.7%, whereas in the rest of the EU it is 3%.