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Germany now world's third largest economy as Japan loses its spot
(www.euronews.com)
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this post was submitted on 16 Feb 2024
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Truth is they are both going down at a different pace.
Germany just passed a €72 billion defense budget. As they say: "When the economy is sore, join a war."
Did you miss the developments in Eastern Europe that necessitate this increase in spending?
No. Just pointing out that military spending is a very efficient way to increase economic activity. The US economy would not be doing very well if it wasn't for all the military spending.
But Germany is doing it without putting it all on the big credit card like the Americans, so I'll take Germany's economy and well-advised budgeting any day of the week.