This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
German economic model was based on:
1. Cheap energy from Russia
2. Steadily growing exports to China
3. Cheap subcontractors in Eastern Europe
Now all 3 pillars are collapsing simultaneously.