News of a slowdown in the German economy came as a surprise to many, including the German government. Is the only powerful growth engine of the eurozone suddenly running out of steam? The German economy is not as robust as one may think and its long-term prospects for growth are rather dim.

<i>The German economy has been surprisingly resilient over the last few years. But this is unlikely to last. There are many reasons why Germany may not really be and remain the ‘fit man of Europe’. Some have to do with domestic policy - like the roll-back of labour-market and pension reforms or the costly energy strategy - some with domestic demography, others with international economic dep...

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Dr. Michael Wohlgemuth
Germany’s problem is not austerity, but demography and complacency. The message is you cannot bank on Germany
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