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At the second anniversary of the beginning of the pandemic in Germany in January 2022, the German Economic Institute estimated the economic loss resulting from the pandemic to be 350 billion euros. This was due to reduced consumption and secondarily, due to reduced investment activity.
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.
The pandemic, which snarled supply chains, and the war in Ukraine are to blame for much of Germany’s current predicament, argues Brzeski, but many of its problems run deeper, and are self-inflicted.
He highlights Germany’s effective response to crises, such as the refugee situation and the COVID-19 pandemic, showcasing the country’s efficient governance and societal resilience. By combining historical context with contemporary analysis, Kampfner presents Germany as a model of stability and maturity in a world that is often volatile. [2]
The Alternative für Deutschland (AfD) made significant gains in recent years, becoming the first far-right party to win a state election since the Nazi era in September, when it emerged as the ...
Germany has a common National Pandemic Plan, [64] which describes the responsibilities and measures of the health care system actors in case of a huge epidemic. Epidemic control is executed both by the federal authorities such as Robert Koch Institute and by the German states.
(Bloomberg Opinion) -- It’s still early days in this pandemic, but not too early to venture a prediction: Germany and its chancellor, Angela Merkel, will come out of it looking quite good. What ...