Germany's manufacturing remains strong

05/21/2008 | International Herald Tribune

German manufacturing companies that refused to move to lower-wage countries in Asia and Eastern Europe are responsible for the country's 6% annualized growth rate in the first quarter. Manufacturing is even growing as a proportion of the total economy. Germany appears on track to be the world's largest merchandise exporter for the fourth straight year. The most serious problem facing German manufacturers is a shortage of qualified engineers.

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