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Germany to enjoy job boom this year: commerce association

06-18-2010 11:08 BJT

BERLIN, June 17 (Xinhua) -- German employers will offer up to 100,000 new jobs this year as the economy continues to recover, the Association of German Chambers of Industry and Commerce (DIHK ) said Thursday.

"We're experiencing what is almost a job wonder," DIHK head Martin Wansleben told the daily Passauer Neue Presse.

According to a survey conducted by the DIHK in April and May of more than 22,000 companies and published Tuesday, German business sentiment improved significantly in the spring and all categories stood above their long-term averages.

The IT service, health, aviation and chemical industries are expected to provide the most new jobs as Germany emerges from the global recession, Wansleben said.

As a representative of German industry, the DIHK was much more optimistic about German economy than the government and some other institutions.

DIHK expected the German economy to increase 2.3 percent this year, much higher than the official GDP forecast of 1.4 percent.

Exports, Germany's economic engine, were expected to see a strong 10-percent increase this year after a 14.5-percent fall in 2009. Imports, meanwhile, were expected to increase 8 percent after declining 9.5 percent last year, the association said.

Businesses are also more willing to increase their future investment, according to the survey. Some 25 percent of the surveyed companies said they planned to increase investments, 54 percent wanted to keep them unchanged, and only 21 percent aimed to lower them.

However, according to a prominent monthly survey done by the Center for European Economic Research (ZEW) and also published Tuesday, German investor confidence for the next six months was down by more than 30 percent than that in May due to the worsening debt crisis among EU member states.

Editor:Du Xiaodan |Source: Xinhua

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