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Germany: Country and Foreign Investment

Economy and Currency

Germany is the largest economy in Europe and world-leader in exports. The credit crunch affected the country badly and measures such as banking support and a car scrappage scheme were put in place. The second half of 2009 has seen an upturn and the outlook is generally positive.

The country’s economy consists of a strong service sector with approximately 70% of the workforce employed in this field. 22% of labour is used in industry and the rest in agriculture.

Unemployment is currently 7.7% but expected to increase in 2010 to around 9%.

The currency is the Euro.

 

 

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