Germany is really doing so well: amazing facts that give hope for 2024!

Germany is really doing so well: amazing facts that give hope for 2024!

According to a report by www.derwesten.de, the economic situation in Germany looks quite positive in 2024 despite some challenges. The authors of the article emphasize that there are many positive developments in Germany that are often overlooked. Despite problems such as the energy crisis, the shortage of skilled workers and inflation, there are some economic successes that give hope.

We have been the third strongest economy in the world since 2023
The international rankings show that Germany, as a medium-sized country with around 80 million people, has established itself in third place among economic nations. This is particularly notable in times of the Ukraine war and its impact on the economy.

Dax climbed to an all-time high in 2023
The German leading index DAX reached an all-time high of just over 17,000 points in 2023, which speaks for confidence in the country's economy. For 2024, analysts are even predicting a further increase to 17,500 to 18,000 points.

Never before have so many people worked in Germany
Despite various economic challenges, over 46 million people were employed in Germany for the first time in the summer of 2023. This historic high is a sign of the strength of the labor market and also has a positive impact on the social security systems.

Inflation in Germany has almost returned to normal
Although inflation temporarily increased noticeably after the Ukraine war, economists say it is expected to return to the European Central Bank's target range of 2 to 2.5 percent in the medium term. This would lead to more stability in prices in Germany.

Electricity generation: More than 50 percent comes from wind, solar and hydropower
There are also positive developments in the area of ​​energy supply. Despite the shutdown of the nuclear power plants and the failure of Russian gas supplies, the energy supply remained stable. More than 50 percent of electricity consumption was covered by renewable energies.

Based on these positive developments, it is foreseeable that the economic situation in Germany could become more stable despite some challenges. The strength of the labor market, the growth of the DAX and normalizing inflation could form the basis for further growth.