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News from 2021-10-05 / KfW Research
Globalisation in crisis
The German economy has benefited greatly from globalisation in the past. Almost a third of gross value added and more than one in four employees in Germany depend directly or indirectly on exports. However, since the financial and economic crisis of 2008/2009 and thus before the coronavirus pandemic, the globalisation dynamic has slowed down. This is one of the results of a study by Prognos commissioned by KfW Research on the future of globalisation and the growth prospects of German companies.