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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.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
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 ...
The BDI warns that Germany’s economy could contract by 0.5% rather than the current predictions of 0.1% if Trump implements import tariffs on German goods. ... The Today Show. Starbucks is ...
Germany’s challenges span the structural and cyclical, domestic and geopolitical, creating a perfect storm for the country’s economy that most economists see little way out of in the short run.
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.
Map of metropolitan regions in the European Union in 2018. A metropolitan region 's gross domestic product , or GDP , is one of several measures of the size of its economy. Similar to GDP , GMP is defined as the market value of all final goods and services produced within a metropolitan region in a given period of time.
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 ...