Germany has been slowly regaining the unenviable title of “the sick man of Europe” in recent weeks, although some economists aren’t convinced it’s a fair and accurate description of Europe’s largest economy.
Germany was first described with that moniker in 1998 as the country navigated the costly challenges of a post-reunification economy. Fast forward to today and the International Monetary Fund forecas the German economy will shrink in 2023, which would make it the only G7 economy to officially contract this year — prompting the nickname to creep up once again in various media outlets.