What Happened to the German Economy? | German Economy
For a while, Germany experienced the longest period of uninterrupted growth. The German economy thrived on high-quality manufacturing and export-oriented policies, establishing itself as a manufacturing powerhouse. Notably, exports accounted for 47% of the country's GDP, a significantly higher proportion compared to large economies like the US, China, India, and the UK. In 2015, Germany's trade surplus amounted to approximately $255 billion, equating to nearly 7.5 percent of its GDP.
However, the German economy has since slowed down and now lags behind the US and most of Europe, with its growth rate continually decreasing. While it is easy to blame Germany's economic problems solely on the energy crisis caused by the war in Ukraine , the truth is that the country already possessed significant weaknesses before the crisis. The invasion of Ukraine has exposed Germany's dependence on cheap Russian energy, exacerbating its longstanding economic challenges.
So, what exactly happened to the German economy?
-
1:04:53
ReasonTV
21 hours agoPhil Magness: Who Really Pays The Most Taxes?
31K23 -
3:22:59
Rekieta Law
8 hours agoDaniel Perry Pardoned, Cohen Pressed, NFL Shaken, Clarence Thomas Grilled, ADL Most Affected
34.7K10 -
2:15:57
Price of Reason
13 hours agoAmazon Wants FEMINIST Tomb Raider! Gaming DEI Agenda EXPOSED w/ Dreadroberts
29.2K9 -
1:38:48
TheMonicaCrowleyPodcast
17 hours agoThe 2020 to 2024 Trek Clean Elections
38.7K22 -
3:34:45
Akademiks
9 hours agoHappy Birthday Big AK. Lets bring it in together chat.
72.8K38 -
1:28:57
The Charlie Kirk Show
12 hours agoTHOUGHTCRIME Ep. 44 — Is Doxxing Dead? Poo-Loving Libs? The Truth About Pearl Harbor?
95.1K61 -
1:18:32
Kim Iversen
13 hours agoBig Pharma Hopes For Another Cash Cow Vaccine With Bird Flu GAIN OF FUNCTION Research
68.3K183 -
3:14:17
Melonie Mac
15 hours agoGo Boom Live Ep 4!
50.1K22 -
1:11:58
Precision Rifle Network
1 day agoGuns & Grub S2E4
42.4K10 -
58:42
The Anthony Rogers Show
18 hours agoEpisode 312 - Steve Farrell
38.9K3