Since the global financial crisis of 2007–2008, advanced economies have implemented a wide range of measures to counter the ensuing financial turbulence and its consequences for economic activity.
Looking ahead and bearing in mind the prospects for global economic growth as well as its regional breakdown, the German economy is unlikely to replicate the growth profile of the most recent upswing. In an external environment characterised by a less steep but hopefully healthier expansion, German enterprises will naturally have to focus more on the domestic market than before.