In this context, financial education can play an important role in terms of a longer-term strategy towards financial stability. Recent policy discussions in Germany can serve as an illustration. In the year 2015, the German Financial Stability Committee issued a recommendation addressing potential risks arising from the mortgage market (Financial Stability Committee 2015).
Exports, mainly automobile-related exports, to advanced economies have remained on a steady increasing trend, whereas those to emerging economies have been sluggish, especially of capital goods. Exports as a whole have therefore been flat. Against this background, production also has been almost flat.