Institutions grounded in German ‘ordoliberalism’ The social market economy was an important factor in Germany’s remarkable success after the Second World War. As a concept, it attempts to strike a balance between market forces and the political desire to serve the common good. As a system, it is geared towardsRead More →
Electrical engineering, mechanical engineering and chemicals propped up exports in 2017 Apart from this analysis of the absolute export volumes in 2017, it is interesting to see which sectors and countries made above-average contributions to the rise in German exports. At the sector level, electrical engineering, mechanical engineering and theRead More →
Full credit is granted for all withholding tax deducted Tax credits Full credit is granted for all withholding tax deducted from German-source employment income. Foreign withholding taxes on income from abroad are usually credited against the applicable German income tax, unless the relevant tax treaty specifies otherwise. Employment income taxableRead More →
Killer app & AR Of course, to truly take off, augmented reality still needs a “killer app” of the kind that will drive massive consumer pull. It is hard to predict where this may come from, however, it will likely emerge over the next few years as developers create thingsRead More →
Heavy-handed regulation towards the securitisation market Securitisation has been in the spotlight during and after the crisis, and some practices have been criticised for leading to excessive risk-taking and unsound lending (i.e. Originate-to-distribute models). In line with these concerns, regulatory measures have been adopted to discourage securitisation exposures globally andRead More →
Most added value to be generated Most added value to be generated in specialist mechanical engineering. At the moment, the Netherlands focuses on the region of North Rhine-Westphalia, which accounts for no less than 45% of Dutch exports to Germany. The greatest opportunities for Dutch industrial suppliers lie in providingRead More →
3D sensing In terms of sizing the market, 3D sensing modules for smartphones cost between $15-20 today, which suggests a massive opportunity ahead for key suppliers. When you consider that adoption of 3D sensing technology could grow from just three per cent today to 38 per cent in 2020, thisRead More →
expect 2018 GDP growth to reach 2.3% Macro conditions. Economic growth is strong. We now expect 2018 GDP growth to reach 2.3%, 0.5pp above the ECB’s September staff forecast. Our confidence that the inflation normalization process is beginning is also building. The production chain is tightening. Upstream prices are startingRead More →
Decline in market size is also visible in securitisation issuance The decline in market size is also visible in securitisation issuance. After peaking in 2008, with a volume of around EUR 820 bn, issuance came down significantly to values of around EUR 200 bn, as observed fifteen years ago. MoreRead More →
More than €500 billion Germany: an enormous industrial sector on the doorstep The German manufacturing sector generates added value of more than €500 billion. By comparison, the added value delivered by Dutch manufacturing is slightly less than €70 billion. The turnover of the German technology industry (electrical engineering, mechanical engineeringRead More →
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