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Increased competitiveness and production ''drive German boom''

13 January 2011
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Increased competitiveness and production ''drive German boom''Germany has boomed as a result of strong export sales and an effective manufacturing base, a writer has claimed.

According to the economics editor of the Guardian, the nation has seen an increase in trade in capital good with China, has tightened its competitiveness and has identified growth sectors such as renewable power.

Larry Elliott stated that Germany's manufacturing success has been the result of factors such as co-operation between workers and managers, long-term investment and a commitment to quality.

He noted that despite economic uncertainty in many other eurozone nations, Germany witnessed its strongest year of gross domestic product growth during 2010 since reunification.

Over the past two decades, he observed, the nation has been improving manufacturing processes, although its reliance on exports could make it vulnerable in the event there is a "second leg to the crisis".

In the UK, EEF, the manufacturers' organisation, has predicted in its 2011 forecast that production will drive the UK economy this year, outperforming other fields.ADNFCR-3058-ID-800339977-ADNFCR
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