Germany: Industrial production almost returning to pre-crisis level
Jan 12th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany’s manufacturing industry has recovered from the economic nosedive of autumn 2008 more quickly than originally expected according to Deutsche Bank Research. By the time the recession bottomed out in April 2009 production had been cut back by 24% in all. Three-quarters of this decline has been recouped in the meantime.