Germany, officially the Federal Republic of Germany is a country in Central and Western Europe, lying between the Baltic and North Seas to the north and the Alps, Lake Constance and the High Rhine to the south.
After the devastation of World War II, West Germany rebounded with a so-called “economic miracle” that began in 1948. The subsequent combination of growth and stability made West Germany’s economic system one of the most respected in the world, though it began to suffer strains beginning in the 1990’s.
Exacerbated by the costs of unification. Its remarkable economic performance was largely a result of effective economic management, but temporary factors were especially important in spurring economic growth in the immediate post-World War II era