Deutschland's Data Spells Decline

The German economy faces significant challenges, being the only G7 nation expected to contract this year. Factors such as the energy crisis and weak demand in China contribute to this downturn. Despite these issues, there is optimism among big businesses, with expectations of a soft landing and resilience in the economy. Unemployment is low, but this is partly due to a shrinking labor force. Long-term growth is uncertain, especially with external threats like Biden's inflation reduction act. The question arises whether Germany, Europe's economic engine, could become its 'sick man'.

Which country is the only G7 nation expected to see economic contraction this year?

• Canada

• France

• Germany

• Italy

What is one reason for the cautious optimism among big businesses in Germany?

• Increased exports to the US

• High inflation rates

• A potential soft landing

• Rising energy prices

What is a contributing factor to the low unemployment rate in Germany?

• An expanding labor force

• Increased foreign investments

• A shrinking labor force

• Higher wages

What external factor is threatening Germany's industrial advantage?

• Russia's trade embargo

• Brexit

• Biden's inflation reduction act

• China's economic policies

What question arises about Germany's future in the context of its economic challenges?

• Will Germany adopt a new currency?

• Is Germany going to increase its exports?

• Could Germany become Europe's 'sick man'?

• Will Germany lead the EU in growth?