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This paper uses household level data from the German Socio-Economic Panel (GSOEP) over the period 1991 to 2008 to analyse the driving factors of movements in the German household savings rate.
Restoring competitiveness is one of the key challenges to bring European economies back on a path of strong, sustainable and balanced growth. Europe could improve its growth prospects by implementing a strategic reform agenda with a broad range of policy reforms to increase productivity, dynamism and employment.
The Secretary-General met with Chancellor Angela Merkel and the Heads of International Organisations to discuss the global economic outlook as well as policies to boost growth and employment in Europe.
Germany reduced greenhouse gas emissions substantially but remains an important emitter. Ambitious targets for climate change mitigation have been fixed and a broad range of environmental measures are being implemented.
The strength of the German labour market response to the financial crisis of 2008-09 demonstrated the benefits of past labour market reforms, which raised work incentives, improved job matching and increased working hour flexibility.
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Germany’s early childhood education system is fairly well-developed: 96% of four-year-olds are enrolled in early childhood education programmes, and 89% of three-year-olds are. These levels are well above the respective OECD averages of 79% and 66%.
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Education at a Glance 2012: Country Notes - Germany
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The German labour market recovered very quickly from the 2008-09 economic crisis and unemployment continued its long-run structural decline in 2010 and 2011.
Across OECD countries some 83 million people suffer from diabetes. On current trends, that will rise to almost 100 million by 2030.
Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy.