Comparison of Economics in Latvia and Germany
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As with all the rest of the world, the rich and powerful country in Germany have been affected by the economic crisis, which strongly altered economy. . All economic sectors have seen recession. Also in Germany is not certainty about future prospects, their extent and duration of the financial crisis in international financial markets.
The financial situation worsened in the markets in recent years, hence the prospects for significantly deteriorated. Germany, as the exporting country has a particular impact of international economic recession. In spring, the gross domestic product grew by 1.4%. The reason for this is a production decline.
Foreign funds trying to buy hundreds of German companies, dividing this value by the stock market rise is great and it helps to get a large profit.
According to the institute, the coming months, will take place at all, in order to stabilize the banking sector. Otherwise, the operation would contribute to slump in real economy.
The State is giving its contribution to the welfare of the people making, providing the opportunity to recover the overpayment of income tax of 25% of expenses incurred in connection with educational and medical services, as well as contributions to private pension funds and life insurance accrual.…
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