It seems that the economy of Germany is shrinking, but there are some people who say that this is exaggerated. It is true that the economy has started to go down recently, and it is because of some factors. First of all, there are some issues with trade conflicts. Brexit is also considered to be one of the reasons why the economy of Germany is having some issues.
The declining population is also a factor. All of these things that are happening can be a bit surprising for Germany that used to have a good economy. They used to be Europe’s biggest economy, and they would need to step up their game and adapt to the new trends so that their shrinking economy can become bigger again.
Even though German’s population was once striving during and after World War II, it seemed over the last few decades that the population has been declining. The main cause of this is due to fewer and fewer Germans having babies. Some of them may have moved out of the country for work or to retire or live in another country.
Now, things have changed as a result of a few actions. One action that has changed the population trends of Germany is due to the birth rates. Now, Germany has higher birth rates than it did in the past. Also, another action that caused the population in Germany to increase was recently when the country opted to accept immigrants and refugees from war-torn countries.