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.

  • Knusper@feddit.de
    link
    fedilink
    English
    arrow-up
    0
    ·
    1 year ago

    What kind of propaganda non-sense article is that? I live in Germany. We’re doing absolutely fine.

    • 01011@monero.town
      link
      fedilink
      English
      arrow-up
      0
      ·
      1 year ago

      You don’t do business in Germany then because I’ve been hearing otherwise of late.

      • Knusper@feddit.de
        link
        fedilink
        English
        arrow-up
        0
        arrow-down
        1
        ·
        1 year ago

        Like most other countries, we’ve had to deal with COVID, inflation+countermeasures and climate troubles. And as an export nation, we’ve likely even been hit relatively badly by such global issues.
        So, of course, not everything is entirely rosy. And of course, you’ll find people complaining.

        But this article makes it sound like we’ve entered a massive crisis. As if the Germany of today looks like a poor nation compared to the Germany five years ago. And that’s just not the case. We’re still filthy rich compared to most countries. Our current government is pushing the country forward again (after 16 years of stagnation before the pandemic). The fruition of these measures will obviously take some years to kick in, and we will now have to deal with climate change, whether we like it or not, but ultimately, it feels like our economy (+ the things that actually matter) are on an upward trend again.

    • sebinspace@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      edit-2
      1 year ago

      I’m fucking American and if you want the bottom spot you’ll have to fucking fight us for it!

      • ShittyRedditWasBetter@lemmy.world
        link
        fedilink
        English
        arrow-up
        0
        ·
        edit-2
        1 year ago

        Imagine believing for a second America is fighting for bottom ranks in wealth, even among the poor.

        The imaginary world you people live in must be fantastic.

        • Aux@lemmy.world
          link
          fedilink
          English
          arrow-up
          0
          arrow-down
          1
          ·
          1 year ago

          People in developed countries like US don’t even understand what actual poverty is, give them some slack.