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 rest of the world that half the economy ran on exports.

Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.

No longer. 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.

  • disconnectikacio@lemmy.world
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    1 year ago

    Probably because of greentards (shutdown all nuclear reactors, vehicle standards, too much reliance on putin’s empire, etc), and maybe the vw scams 😅

    • hawkguy@feddit.de
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      1 year ago

      Oh yeah, the “greentards” in form of a goverment consisting of CDU/CSU and FDP in the year 2011.

      Wenn man keine Ahnung hat, einfach mal Fresse halten.