<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The German economy has been hit hard by Russia’s war of aggression against Ukraine. Higher energy prices, weaker global trade and supply chain disruptions have had a profound impact. In addition to this new geopolitical reality, Germany faces rapid demographic changes and the need to manage its transition to a carbon-neutral economy. With the world’s largest integrated single market, a common currency and the European Green Deal, the EU provides a powerful framework for Germany to maintain and renew its prosperity. Deeper integration of the German economy in the EU Single Market, close cooperation with European partners and a strong domestic reform and investment agenda would benefit both Germany and the EU.</p>
</abstract>

The German economy has been hit hard by Russia’s war of aggression against Ukraine. Higher energy prices, weaker global trade and supply chain disruptions have had a profound impact. In addition to this new geopolitical reality, Germany faces rapid demographic changes and the need to manage its transition to a carbon-neutral economy. With the world’s largest integrated single market, a common currency and the European Green Deal, the EU provides a powerful framework for Germany to maintain and renew its prosperity. Deeper integration of the German economy in the EU Single Market, close cooperation with European partners and a strong domestic reform and investment agenda would benefit both Germany and the EU.

The Key to a Future-Proof German Economy Lies in Europe

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Der Schlüssel für eine zukunftsfeste deutsche Wirtschaft liegt in Europa

The German economy has been hit hard by Russia’s war of aggression against Ukraine. Higher energy prices, weaker global trade and supply chain disruptions have...

The Key to a Future-Proof German Economy Lies in Europe

Published Online: Jun 14, 2023

Page range: 336 - 340

DOI: https://doi.org/10.2478/wd-2023-0101

© 2023 Reinhard Felke et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.