Good things come in threes (for French people): It will be verified again if France meets Germany during the Euro football tournaments organized in Germany this year. And if France wins it will be the third consecutive win after 2016 and 2021. Good things come in threes (for French people). It is also true on the economic front. From 2005 to 2018. Germany experienced a decade of economic success as a result of reforms, including the Hartz reforms.
As a result, the country created 5.6 million jobs or 430,000 jobs per year. Since then, German growth has declined, and employment is the first area in which the dynamics deteriorated between 2018 and 2023. Germany created 180,000 jobs a year. Conversely, France created 140,000 jobs a year between 2005 and 2018 and then created 420,000 jobs a year between 2018 and 2023.
This is not full employment for France, but this is the first step in the right direction. Investment is the second area in which France took the lead during the last five years. It increased by 8.1% in France and at the same time it decreased by 1.8% in Germany.
And France is currently leading the race in a third key area: the transition to services. Services are an area of excellence for France, including exports, and between 2018 and 2023, France was again in a better position. Consumption of services increased by 10.7% and investment in market services increased by 21% and at the same time both stagnated in Germany. In the end, it is no surprise that France generated an additional half point of growth per year during 2018 and 2023.
