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It's heavily export oriented. When the world economy is growing, Germany is growing rapidly on all cylinders, as soon as it slows down, it takes a big hit.
by drumhead 3y ago
It's heavily export oriented. When the world economy is growing, Germany is growing rapidly on all cylinders, as soon as it slows down, it takes a big hit.
- mrkstu 3y agoAnd if Tesla takes over more and more of it’s automotive segment in the US, that is another big hit to its bottom line.
- snowpid 3y agono, it isnt. VW was quiet weak in US, BMW and Mercedes have a different niche. Dear Americans, you arent the middle of the world. VW does have problems in China (and Tesla is quiet strong there)
- ladyanita22 3y agoWhat a take... He's not saying Americans are the center of the world (I guess this is what you meant), he's saying America is a key market. It is, I'm European, but I would be damn stupid to not recognize America is almost as big as the whole EU. Edit: And in average, richer.
- idiopathic 3y agoJust to echo your point… USA >> EU US GDP = $23.3 trillion EU GDP = $15.8 trillion even if you counted UK (to make Europe rather than EU) UK GDP = $3.1 trillion