Since becoming an industrialised nation 150 years ago, Germany has
maintained a leading position among developed countries, despite suffering
numerous massive setbacks (world wars, currency reforms) and challenges
For more than half a century, output growth rates in
Germany have been among the highest among developed countries. Since
2007 Germany and the US have occupied the top two positions for growth, with
an average annual increase of 1.3 per cent each, whereas most other eurozone
countries have been battling with the economic fallout from the financial crisis.