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Germany has been one of the best performing economies in the aftermath of the financial crisis but has stagnated since about 2018 despite a tight labor market. Being an industrial powerhouse, one big factor contributing to the slowdown is stagnating industrial production, and more specifically, the massive decline in car production over the last few years.
From one of the best to worst-performing Euro area economies
The financial crisis of 2008 and the subsequent Euro area crisis led to a prolonged period of stagnation, especially in Southern Europe. Euro area GDP has performed significantly worse than that of the
