Transformations in
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- © Vilnius University, 2002-2011
- © Brno University of Technology, 2002-2011
- © University of Latvia, 2002-2011
Article
The Influence of the Global Crisis on German Economy
Petras Barsauskas, Ralph-Jörn Kurschus, Vaida Pilinkiene
ABSTRACT. This article analyses the influence of the global crisis on German economy and its sectors. The difficulties in market economy have increased since the real estate market in the USA collapsed and a worldwide economic crisis spread out. The research made by defining and analyzing the main factors of German economy is the basis of the article. The research proved that Germany was influenced by the global economic crisis in 2008 - 2009, resulting in unusually high levels of debt and losing its position in export markets. Whereas, the successful economic recovery was caused by the German government’s financially supporting programmes and new increasing investment of the shareholders in 2010.
KEYWORDS: global crisis, financial crisis, globalization, Germany.
JEL classification: F23, F41, F59.