Germany: Trade union institute highlights danger of German export bias

Germany's success in holding down labour-cost growth in recent years has boosted export competitiveness, but raised the risks of an increased exposure to fluctuations in world trade, according to a November 2008 analysis of labour costs by a trade union-linked research institute.

The Macroeconomic Policy Institute (Institut für Makroökonomie und Konjunkturforschung, IMK) is part of the union-linked Hans Böckler Foundation.