The German economy’s price competitiveness at the moment is roughly 6½% higher than its long-term average, as measured since 1975. But German enterprises are above all competitive because they are excellently positioned in global markets and boast innovative products. And it’s not just businesses like BASF, Boehringer Ingelheim or Schott we should be thinking about here.
Germany is also home to hidden champions, remember – small and medium-sized enterprises which, outside the public eye, have risen to become global leaders in their respective markets – many of which are based here in the state of Rhineland-Palatinate.