WebAug 4, 2024 · Last published date: 2024-08-04. The German economy is the fourth largest in the world and accounted for one quarter (24.7 percent) of the European Union’s GDP in 2024. Germany is also the United States’ largest European trading partner and the sixth … WebJan 10, 1997 · The EU also needs more flexible markets, especially a more flexible labor market, so that it can adjust to changes in the global economy, raise its potential rate of output growth, and take advantage of emerging opportunities in global markets. At present, however, labor market rigidities impede such adjustment and drive up unemployment.
Germany is the biggest economy in Europe. What if it shifts left?
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