| Abstract: | Economic forecasts for the German economy expect German GDP to grow by less than 1% in 2013. The expectations of the industry are better still — only the representatives of the automotive industry think their future growth will not be higher than the German economy on average. The construction industry expects growth of 1.5% for 2013, due to a boom in new residential construction. The chemical industry had to hold its own in a difficult economic environment marked by weak global growth, the public debt and currency crisis in the euro zone, and — connected with this — the recession in Southern Europe. According to the recent outlook of the ZVEI, production (adjusted for price) of the German electrical and electronic industry will grow by 1.5% in 2013. Despite a difficult economic environment, the VDMA economists expect further growth in production for machinery and plant manufacturers of 2% in real terms for 2013. The main impulses will likely be set by foreign demand, especially from non-EMU member states. |
