In Germany, things look good – really good for the economy. While larger countries including the UK, Italy and Spain begin to wobble on discussions about an economic slowdown, the German economy is strong and working hard to become even more powerful. The country is one of Europes largest exporters, and because of that faces one of the strongest internal economies in the EU.
The resilience in the economy here is quite unique, and showcases the benefits that the country is likely to have in the coming months. Even as the Euro fluctuates and the other EU countries nearby suffer from a drop in economic confidence (15 Euro Zone states are in this position already), Germany continues to move at full pace ahead.
Many economists believe that the European Central Bank will hold the interest rates steady when it meets on Thursday, mainly because of the confidence in the German market. If Germany's numbers had slowed, economists believe that the cut in interest would have been necessary.
However, most economists warn that it will still be a rough road ahead. The economy is likely to face worries in regards to the slow world economy, much of which the Germany is very much dependent on for their exports.
