Wednesday, January 12, 2011

German economy 3.6% growth last year.

The German economy grew at 3.6% in 2010. Twice the EU average.

The UK economy, thanks to increases in manufacturing grew 2.5%. There is still a lot of catching up to do in UK to overturn the reduction in growth during 2008/09.

Germany expects that during 2011, China will become the biggest importer of German goods, taking over from the United States. The trend towards the East instead of North America has been apparent since America started to repackage dodgy loans and sell them on as prime investments.

United Kingdom manufacturing is showing a small resurgence. Now is the time to promote exports and cut bureacracy for exporters in order to reduce the trade deficit and bring cash back into the UK.

We need to get money back from the Chinese. We need to sell to them.

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