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.

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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.

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

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

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

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

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

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