To answer the question whether Germany suffers a
private investment deficit of a magnitude capable
of endangering long-term growth, one must first
consider whether the deficit revealed stems
principally from investment in equipment or investment
Trending shows the various
components of investment as a proportion of GDP for
Germany and for the Eurozone (excluding Germany, and
again excluding Germany, Ireland and Spain to exclude
the effects of the property bubble in the latter two).
In either sector , the deficit will affect long term growth,
however it is whether the effect is marginal or not.