German Stock Market Thrives Despite Economic Struggles [Forbes]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Forbes
Not long ago, the German economy was the envy of Europe. It had low unemployment, sound fiscal policies and exported luxury cars and value-added industrial goods to a growing global economy. Germany was a poster child for the benefits of globalization. However, recent years have not been so kind. There is virtually no economic growth, business bankruptcies are soaring , and the once-competitive German industrial giants are fighting for survival. Given the dim outlook, one might find it odd to see the DAX index make new all-time highs. How can the stock market be so strong when the economy is so weak? The DAX Global X Dax Germany ETF , the German blue-chip stock market index that tracks the performance of the 40 largest companies trading on the Frankfurt Stock Exchange, is up 11.8%, significantly higher than the 7.5% return for the European-wide SX5E index. The strong stock market performance has come despite lackluster GDP growth. The German economy shrank 0.1% in 2023, and gro
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