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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.
The rapid advance to industrial maturity led to a drastic shift in Germany's economic situation – from a rural economy into a major exporter of finished goods. The ratio of the finished product to total exports jumped from 38% in 1872 to 63% in 1912. By 1913 Germany had come to dominate all the European markets.
The Marshall Plan (officially the European Recovery Program or ERP) was a system of American economic aid to Western Europe 1948–51. It played a major role in the economic recovery, modernization, and unification of Europe.
The year's weak performance underlines Germany's status as Europe's worst performing major economy and shows the country as having no meaningful growth in the past four years as it has struggled ...
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 can take solace in the fact that despite its current troubles, it’s still the biggest economy in Europe. And while revenues for Fortune 500 Europe companies declined last year, profits ...
Last year, Germany was the only major economy to shrink by 0.3% despite slowing inflation. It has stagnated into the current year, staggering “between hope and despair,” ING Bank said.
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.