What Germany’s Economy Really Needs
Tehnologie
Germany is in a prolonged economic crisis that has bred a subsequent crisis of democracy. The energy shock in the wake of the Russian attack on Ukraine in 2022 stalled the country’s recovery from the pandemic. After six years of stagnation, real GDP growth has plateaued and is almost ten percent below where it should be according to pre-pandemic trends. The energy crisis also fueled inflation and led to the largest one-year drop in real wages since World War II. Despite some gains in 2024, real
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