Germany is currently experiencing a labor shortage, which is adversely affecting their Gross Domestic Product. If current trends continue in Germany the country could find itself in a serious recession. This would not only effect Germany but all of Europe as well for Germany is the single most important trading partner for almost all of the European countries (Bogdanowicz). This is not a new situation in Germany, for the past seven consecutive quarters activity in the construction sector of the German economy has declined (German GDP). Not only did German industrial output fall, but this was also the lowest annual increase in Gross Domestic Product since the first quarter of 1997, when the Gross Domestic Product increased by 0.1 per cent. According to Berlins finance ministry, "Growth has come to a standstill. GDP figures show without a doubt that the risks to the economy have not grown any smaller." (Scally). Without drastic measures taken by the government Germany could find itself a victim of an economic recession.The German government controls the flow of money in a country as well as various global trade programs. There are various political maneuvers a country can do in attempts to prevent a recession. However despite the decline of Germanys Gross Domestic Product, the countrys political leaders are denying the beginning of a recession. Instead Federal Labour Office President Bernhard Jogoda claims, We have a slowing economic growth - that's a big difference." (German Finance Ministry). German economist predict by the end of the year the economic momentum will accelerate considerably. Germany stands a chance of averaging 2% Gross Domestic Product growth this year, which is similar to the government's official forecasts (Bundesbank Rules). If a country ignored the evidence and denies a problem they cannot effectively handle the situation for it will not go away on its own.Regardless of the governments denial ...
