Photo: DPAContrary to claims that the German trade surplus harms Europe, a Swiss study shows that the German economy secures 4.8 million jobs in other European countries. In Poland alone, almost 900,000 jobs are based on German demand, more than in any other EU state. Far from putting the brakes on economic growth in neighbouring countries, strong German demand is stimulating their economies, the report suggests. “Our study rebuts the fable that German economic competitiveness is damaging to its neighbours,” vbw boss Bertram Brossardt said. The bulk of imports supply the demand of German industry, with 28 percent being consumer goods.

Source: The Local June 16, 2017 09:00 UTC