As a result of these trends, Germany’s economy may well overtake that of Japan in size towards the end of this decade 📈
First in nominal GDP – subject also to currency exchange rates – where the German economy is already 90% the size of Japan’s;
And bit later also measured in PPP, where it stands at 85% (compared to 75% in 1990).
In general, there’s lots of countries that Germany has outgrown in the last three decades – many of which also ought to grow faster to catch up, but have actually fallen further behind.
Quite remarkable if one knows the German discourse which hardly ever tires of jeremiads about industrial decline and the fall of a superstar and whatnot.
The opposite is the case. The superstar is still ascending.
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