AntV
11 Oct 2024
News / European News and Poland Thread - part 4 [352]
@Bratwurst Boy @Alien @Tacitus
What in hades has happened to Germany?
globalpost.com/stories/can-germany-restore-its-former-economic-glory/
Today, however, it seems again like a broken nation that can't get out of its own way.
The country is just a little tired and in need of a "cup of coffee," German Finance Minister Christian Lindner told CNN earlier this year.
But that old moniker is being trotted out again to describe the country. That's because last year, the economy was the worst performer of the major economies in the eurozone, and the only G7 economy to shrink, according to the International Monetary Fund. This year, it is set to be the latter group's slowest-growing economy again.
Meanwhile, Germany's income per capita shrank 1 percent between 2019 and 2023 - the 34th-worst outcome out of 41 high-income economies. Of the G7 economies, only Canada performed worse. The US rise of 6 percent was in another league.
"Germany is struggling," the IMF concluded.
@Bratwurst Boy @Alien @Tacitus
What in hades has happened to Germany?
globalpost.com/stories/can-germany-restore-its-former-economic-glory/
Today, however, it seems again like a broken nation that can't get out of its own way.
The country is just a little tired and in need of a "cup of coffee," German Finance Minister Christian Lindner told CNN earlier this year.
But that old moniker is being trotted out again to describe the country. That's because last year, the economy was the worst performer of the major economies in the eurozone, and the only G7 economy to shrink, according to the International Monetary Fund. This year, it is set to be the latter group's slowest-growing economy again.
Meanwhile, Germany's income per capita shrank 1 percent between 2019 and 2023 - the 34th-worst outcome out of 41 high-income economies. Of the G7 economies, only Canada performed worse. The US rise of 6 percent was in another league.
"Germany is struggling," the IMF concluded.