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ViewpointSeptember 3 2018

Clemens Fuest: A plan to guarantee German prosperity

While Germany is relatively prosperous, it faces an array of challenges that include internal demographics and external trade disputes. Working with its European partners is key to keeping its edge, writes Clemens Fuest, economist and president of the IFO Institute.
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In recent years Germany has enjoyed a phase of strong economic performance. The short-term economic outlook remains positive, but there are various medium- to long-term challenges. To meet those challenges, Germany needs domestic policy reforms and a successful EU.

In the years since the financial crisis, the German economy has been growing faster than that of most other European countries. From 2010 to 2018, Germany's gross domestic product (GDP) has increased by more than 16%, compared to an average of 11% for the eurozone and 15% for the G7.

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