For years, Germany thrived as a global export leader, boasting substantial trade surpluses. However, recent data reveals a stark decline in exports, signaling a potential downturn for the economy. This shift is a consequence of prolonged reliance on a neo-mercantilist system, characterized by a low-wage labor market and an artificially undervalued euro. Now, increased regulation and rediculous climate policies are exacerbating the situation, impacting Germany's economic stability.
In June, German exports fell by 3.4% compared to the previous month, surpassing analysts' expectations of a 1.5% decline, according to the Federal Statistical Office. This follows a 3.1% drop in May. Meanwhile, imports saw a slight increase of 0.3%. The trade surplus for June stood at €20.4 billion.
Germany exports a lot of tech, right? Other than cars?
Tech? I don't think so. It was mainly cars
I thought they made a bunch of quality tools and such?
Machinery etc, yes
I use a lot of their tools. But I wont lie, I think Japanese tool quality is better.
Our beer is better....
Not going to lie, Japanese beer tastes better, too.
We need a contest
Chart is showing deceleration It's seems Germany won't domanite EU export anymore but it might not be true