The German economy is the fourth largest in the world, posting the largest export surplus. Though it’s easy to forget that as the Federal Republic of Germany entered the 21st century, it was known as the sick man of Europe. Averaging a GDP growth rate of just 1.2% between 1998 and 2005. So how did Germany turn it all around to become something of an economic outlier amongst developed economies? To answer this we must go first look at Germany 70 years ago.