Is Germany the Sick Man of Europe?

The German economy is struggling to recover from a recession, being the only G7 nation expected to contract this year. Factors like the energy crisis and weak demand in China are contributing to this downturn. However, there is some optimism for a soft landing, with unemployment near an all-time low, though partly due to a shrinking labor force. SMEs are particularly affected by high energy prices. Long-term growth remains uncertain, especially with external factors like Biden's inflation reduction act posing threats to Germany's industrial edge. The question arises whether Germany could become Europe's 'sick man'.

Which country is the only G7 nation expected to contract this year?

• Canada

• Italy

• Germany

• France

What is one reason for the German economy's struggle to recover?

• High inflation rates

• Rising unemployment

• Weak demand in China

• Political instability

What is the current state of unemployment in Germany?

• Stable

• Increasing rapidly

• Near an all-time low

• At an all-time high

What is a concern regarding the low unemployment rate in Germany?

• It is a result of government intervention

• It is partly because the labor force is shrinking

• It is due to high immigration rates

• It is due to increased automation

What external factor is threatening Germany's industrial advantage?

• Russia's trade embargo

• Brexit

• Biden's inflation reduction act

• China's economic policies