mention the year in which economical stability in germany
Answers
In the year 1924, Germany attained economical stability.
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Germany’s economic freedom score is 73.5, making its economy the 24th freest in the 2019 Index. Its overall score has decreased by 0.7 point, with declines in monetary freedom and business freedom outpacing an increase in government integrity. Germany is ranked 14th among 44 countries in the Europe region, and its overall score is above the regional and world averages.
Business freedom and investment freedom remain strong overall in Germany. Long-term competitiveness and entrepreneurial growth are supported by openness to global commerce, well-protected property rights, and a sound regulatory environment. The current political coalition agreement suggests that a slight loosening of fiscal renpending on child care, and implementation of a lower income tax rate. Government spending on subsidies has reached record levels.
BACKGROUND
Germany remains the European Union’s most politically and economically influential member nation. Chancellor Angela Merkel has been in office since 2005. After long negotiations, Merkel secured a fourth term in March 2018 when her centrist Christian Democratic Union and its junior partner, the Bavaria-based conservative Christian Social Union, formed a tenuous coalition with the Social Democratic Party after failing to secure an outright parliamentary majority in the September 2017 elections. Political tensions over the issue of migration remain high. Germany’s solid economy, the world’s fourth largest and Europe’s biggest, is based on exports of high-quality manufactured goods. Plans to build a second natural gas pipeline between Russia and Germany have come under fire from the U.S. and other European countries.
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