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Keynesian demand weakness - the main problem for German industry at the moment

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  • Gernot Nerb

Abstract

The present recession in manufacturing in Germany is mainly the result of a global demand weakness and not an indication of lacking competitiveness. This is confirmed by the May Ifo Business Survey in manufacturing. Whereas the survey participants continue to give higher marks to their competitiveness than the EU average, the lack of orders has become the main problem in recent months.

Suggested Citation

  • Gernot Nerb, 2009. "Keynesian demand weakness - the main problem for German industry at the moment," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(11), pages 35-38, June.
    • Handle: RePEc:ces:ifosdt:v:62:y:2009:i:11:p:35-38
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    File URL: https://www.ifo.de/DocDL/ifosd_2009_11_6.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J & Grossman, Herschel I, 1971. "A General Disequilibrium Model of Income and Employment," American Economic Review, American Economic Association, vol. 61(1), pages 82-93, March.
    2. Edmond Malinvaud & Jean-Paul Fitoussi (ed.), 1980. "Unemployment in Western Countries," International Economic Association Series, Palgrave Macmillan, number 978-1-349-16407-3, December.
    3. E. Malinvaud & Y. Younès, 1977. "Some New Concepts for the Microeconomic Foundations of Macroeconomics," International Economic Association Series, in: G. C. Harcourt (ed.), The Microeconomic Foundations of Macroeconomics, chapter 3, pages 62-95, Palgrave Macmillan.
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    Cited by:

    1. Klaus Abberger & Wolfgang Nierhaus, 2019. "On the obstruction of production by enterprises in the business cycle: A Compositional Data Analysis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(05), pages 21-27, March.

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    More about this item

    JEL classification:

    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • L00 - Industrial Organization - - General - - - General

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