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Old 08-25-23, 11:25 AM   #2038
Jimbuna
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Germany now 'sick man of Europe' while Brexit Britain outstrips EU giant in growth

Germany has been branded "sick man of Europe" as forecasts from the International Monetary Fund (IMF) suggest the country's economic woes are likely to continue for the foreseeable future.

The IMF predicts the nation's economy will shrink in 2023 which would make it the only G7 country to contract this year.

In the first quarter of 2023, Germany fell into recession after two consecutive quarters of negative economic growth while post-Brexit Britain grew by 0.2 percent in this year's second quarter.

In 1998, Germany previously held the moniker of the "sick man of Europe" as the country struggled with the challenges that arose from the reunification of East and West.

But in Britain, the term is most widely associated with the UK's decline in the 1970s.
https://www.msn.com/en-gb/money/othe...7e351b82&ei=11
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