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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 the sixth-largest by PPP-adjusted GDP.
For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the ...
Understanding the scale of Germany’s challenges requires a careful look at its strengths, or more appropriately, how it built them. Manufacturing makes up 18.4% of Germany’s economy.
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 ...
Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Over the last five years, it has grown only 0.2% , compared with 4.6% growth ...
The largest economy in Europe by 1900, Germany had established a primary position in several key sectors, like the chemical industry and steel production. [ 2 ] [ 3 ] [ 4 ] High production capacity, permanent competitiveness and subsequent protectionist policies fought out with the US and Britain were essential characteristics.
Germany's government said Wednesday that its economy, Europe's biggest, is on track to shrink for a second consecutive year — underlining the unpopular administration's troubles as it heads into ...
China is Germany’s fourth-biggest export market but it is facing a cocktail of economic problems — including slowing growth and record youth unemployment — that have crimped demand for ...