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The UK and Germany Trading Economics Essay Example

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The UK and Germany Trading Economics

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The UK and Germany Trading Economics. The UK had a growth rate of negative 0.6% as their economic growth declined as the inflation, unemployment rate and current account deficit increased proportionately. The first quarter to 2007 had a growth rate of around 1% which was cut down to 0.3% as the economy started facing the tremors of recession and the year 2008 started with GDP growth rate of 0.3%. In 2009, it faced the worst downturn as the economy sustained a negative growth of 2.4% which started improving at the end of 2009 as the growth was 0.4% at the beginning of 2010. The mid of 2010 saw a boom as the growth rate reached 1.2%, the highest since 2006, but now has again gone negative as it stays at -0.6% (Trading Economics)
Germany, on the other hand, was on track as it witnessed a growth rate of 0.

4% in the 2011 quarter. The start of 2007 was quite the same for Germany as 0.3% growth was seen. The growth in Germany was down by 0.2% in the year 2008 but in the second quarter, a sudden boom was seen as it reached 1.6%. As the year 2009 brought lot of distress for the economy of the world, Germany was no better and a negative growth rate of 2.4% was observed which further worsened to negative 3.4% in the second quarter.
In the year 2010, Germany was back on track as an average growth of 0.4% was seen which later reached 2.2% in the mid of 2010. (Trading Economics)
In the continent of Europe, the care market has always been a part of the oligopoly as the few of the car manufacturing giants have taken over the car market with respect to sales and manufacturing.
Some of the various car brands that have maintained the market stand in Europe are Volkswagen, the French PSA, Renault, BMW, Nissan, Ford, and Toyota etc. These major companies have maintained a huge share of the car market of Europe, acquiring around 40% of the market share during the last few years.
In the year 2010, the Volkswagen group was able to maintain a market share of over 21% which was around 4% less than their share in the year 2009. The UK and Germany Trading Economics.

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References

Economy Watch. http://www.economywatch.com/world_economy/united-kingdom/.

Index Mundi. http://www.indexmundi.com/germany/inflation_rate_%28consumer_prices%29.html.

SGC. http://www.sgc.org.sg/bizinfo/business-with-germany/market-access/europes-largest-economy/.

Suite 101. http://www.suite101.com/content/top-20-best-selling-car-manufacturers-and-brands-in-europe-2010-a334475.

Trading Economics. http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=GBP.

Trading Economics. http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=DEM.

Verboven, Frank. "International price discrimination in the European car market."

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