Germany's economy, with a nominal GDP of $4.59 trillion, is the largest in Europe but is currently shrinking, entering a possible two-year recession.
Experts attribute the economic contraction not only to domestic issues but also to external factors like the reduced supply of Russian gas following the Ukraine invasion.
The country was reliant on Russia for over 55 percent of its gas, and the shift to alternative energy sources was forced by the geopolitical crisis.
Despite being home to world-leading SMEs in manufacturing, automotive, and chemicals, high energy prices have led to reduced production in these vital sectors.
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