Germany’s economy is so weak, California may soon surpass it as the 4th largest.

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Germany’s economic decline in 2024 has opened the door for California to surpass it as the world’s 4th largest economy.

California’s GDP grew at 2.8% in 2024, maintaining a strong pace despite a slowdown. The state’s outlook remains bright, with projections for banner years ahead, driven by its booming tech and aerospace industries.

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In stark contrast, Germany’s economy contracted by 0.1% in 2024, marking the second consecutive year of negative growth. With industrial production down 2.7%, particularly in the automotive and machinery sectors, Germany faces stiff competition globally.

Germany’s economic stagnation is expected to deepen, with a cooling labor market and looming trade tariffs likely to further drag its economy down in late 2024.

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At this rate, California’s resilient economic growth could soon position it ahead of Germany, signaling a dramatic shift in global economic rankings.

Sources:
usafacts.org/topics/economy/state/california/

newsroom.ucla.edu/releases/ucla-anderson-forecast-california-and-national-economy-oct-2024

www.msn.com/en-us/money/markets/germanys-economy-is-in-trouble-the-governments-collapse-and-trumps-return-bring-more-risk/ar-AA1tH2JD

www.msn.com/en-us/news/world/german-government-collapse-is-a-bad-sign-for-europe-opinion/ar-AA1uiO5J

www.imf.org/en/News/Articles/2024/03/27/germanys-real-challenges-are-aging-underinvestment-and-too-much-red-tape


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