[steveBK123]

Germany is an interesting one.

One factor I think is the early EU days German growth was artificially high, juiced by cheap credit from German banks to peripheral countries which was then cycled into purchasing German industrial goods.

Previously peripheral countries had more indigenous industries protected by FX rate as well as some trade barriers.

The GFC broke this cycle, though it couldn't have gone on forever with or without the GFC.

Then Germany also kneecapped themselves in terms of energy policy, shutting down cheap nuclear power supplies and becoming dependent on Russian energy exports.

[burnte]

> Then Germany also kneecapped themselves in terms of energy policy, shutting down cheap nuclear power supplies and becoming dependent on Russian energy exports.

The only thin about this I wonder is when they'll turn around on that decision. It WILL happen, it's only a question of when. Nuclear is vital to the human future, even if environmentalists don't understand that yet.

[oezi]

Energy prices for Gas play a role as do influx of refugess feom Ukraine for metrics such as GDP per person, but the key thing is China having reached the level of manufacturing prowess to eat into the German main industries (cars, machinery).