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The Marshall Plan was only extended to Western Germany after it was realized the suppression of its economy was holding back the recovery of other European countries and was not the main force behind the Wirtschaftswunder. [16] [17] However, it likely greatly contributed to Germany's overall economic recovery. Furthermore, often overlooked is ...
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.
[34] [35] As of April 2023, over 1.06 million refugees from Ukraine were recorded in Germany. [36] As of December 2023, Germany is the fourth largest economy in the world after the United States, China and Japan and the largest economy in Europe. It is the third largest export nation in the world. [16]
Trade unions in Germany have a history reaching back to the German revolution in 1848, and still play an important role in the German economy and society. In 1875 the SPD, the Social Democratic Party of Germany, which is one of the biggest political parties in Germany, supported the forming of unions in Germany. [ 61 ]
This type of action to help the German economy had been prohibited by the directive. In 1947, the Marshall Plan , initially known as the "European Recovery Program" was initiated. In the years 1947–1952, some $13 billion of economic and technical assistance – equivalent to around $140 billion in 2017 – were allocated to Western Europe.
Germany imported 55% of its natural gas supply from Russia when the country invaded Ukraine in February 2022. Russia was also Germany’s primary source of oil and coal imports.
Ukraine’s gross domestic product grew by 2.2% year-on-year in the first seven months of 2023, the economy ministry said on Wednesday. Ukraine says its war-torn economy is beginning to recover ...
The Ukrainian economy recovered in the first quarter of 2010 [64] due to the recovery of the world economy and increasing prices for metals. [59] Ukraine's real GDP growth in 2010 was 4.3%, leading to a per capita PPP GDP of US$6,700. [63] In 2011, Ukrainian politicians estimated that 40% of Ukraine's economy was a shadow economy. [65] [66]