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The economy of Germany is a highly developed social market economy. [ 24] It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and fifth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply.
The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and ...
Germany is the seventh-largest country in Europe. [ 4] It borders Denmark to the north, Poland and Czechia to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. Germany is also bordered by the North Sea and, at the north-northeast, by the Baltic Sea.
Beyond its anti-immigrant stance, Germany's far-right Alternative for Germany (AfD) has an economic platform that would see Germany leave the European Union as it is today and return to a more ...
The fallout has left Germany projected to be the worst-performing major economy this year, shrinking by 0.5%, according to the International Monetary Fund. Prospects for next year are only a ...
Germany’s economy is in a slump, battling a slew of short-term problems and structural challenges. Will it remain stuck in the slow lane or can it be revived? Europe’s growth engine is sputtering.
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.