Export dependency

Export dependency: An economy with a high export share cannot remain economically independent of the economic situation of the countries that import the goods and services of the exporting country. As soon as a recession develops in these countries or they produce goods themselves that they previously imported, the industry of the export-dependent country will have to accept noticeable losses. In view of the global economic downturn, Germany, as a country with a high export share, is forecast to suffer particularly high economic losses in the future.

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