Jim O'Neill on Germany's weaknesses
Great piece by Jim O’Neill in Saturday’s Telegraph about the challenges facing Germany and her new government.
Jim argues that a number of factors make Germany’s future look less certain than many might think given the way her world-beating manufacturing industry has exploited growing demand in the growth markets of Asia, the Middle East and Africa, and the country’s current economic and political dominance in Europe.
Jim cites Germany’s poor demographics, unexceptional productivity levels, her reliance upon exports to Asia and the Eurozone conundrum facing Berlin’s political elite as reasons to question whether the country’s outlook is as bright as some think.
You can read the full article here: http://www.telegraph.co.uk/finance/economics/10356737/Germanys-economy-like-its-football-teams-does-have-some-weaknesses.html