Germany posted a GDP growth rate of 2.2 percent in the second quarter of 2010, the highest in 20 years. Growth slowed slightly in the third quarter, but the forecast annualized growth rate of 3.4 percent (according to Federal Ministry of Economics and Technology) would be the envy of most nations not named China or India.
A look at the Conway Data New Plant Database, which tracks new corporate facility projects, shows a steady and staggering pattern of growth over the past five years, with nary a hint of a slow-down during the global recession.
The vast majority of new corporate facility projects in Germany come from the U.S., either directly or via European subsidiaries. Arizona-based First Solar, the world’s largest manufacturer of thin-film solar modules, recently announced a new $200-million facility in Frankfurt. This will be the largest thin-film plant in Europe, and will create hundreds of new jobs at a time when competition for such jobs has never been fiercer.
To read the full, original article click on this link: GERMANY -- Site Selection magazine, November 2010
Author: ADAM JONES-KELLEY
