Abstract
Abstract The German economy has been hit hard by Russia’s war of aggression against Ukraine. Higher energy prices, weaker global trade and supply chain disruptions have had a profound impact. In addition to this new geopolitical reality, Germany faces rapid demographic changes and the need to manage its transition to a carbon-neutral economy. With the world’s largest integrated single market, a common currency and the European Green Deal, the EU provides a powerful framework for Germany to maintain and renew its prosperity. Deeper integration of the German economy in the EU Single Market, close cooperation with European partners and a strong domestic reform and investment agenda would benefit both Germany and the EU.
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