A boost for the German economy from fellow euro countries?

Eurozone much more important as export market than US and China

Is the German economy picking up steam? This will also depend on the demand from abroad. While the US and China truly play a significant role in the discussion about the growth prospects of the German economy, developments in other eurozone countries, however, are largely ignored. Yet, these countries combined are more than twice as important as the US plus China as export markets.

Ups and downs in growth rates largely parallel, ...

This inattention in the current discussion can probably be explained by the fact that the German economy and the other countries in the monetary union are developing in roughly parallel. This is hardly surprising, as many of the factors driving the economy are similar for all of them: monetary policy, movements in euro exchange rates, and economic developments outside the euro area.

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