Why Germany is doing so well?
I guess there are two reasons:
For me the biggest reason is the fact that many German companies are the number one in their space, in their niche. And in the Global markets people can reach for the best and many times the best is in Germany.
On top of that apparently looking at the graph Germans have kept the labor costs in check and they don't need to destroy their economies to do an internal devaluation. In my country Portugal in order to cut the labor costs the government had to destroy the economy.
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