‘The main threat will be from legal tech in the long term.’
Christof Jäckle, Hengeler Mueller
Despite riding out a surprisingly competitive general election that threatened to disrupt the fruitful status quo, 2017 marked another year of growth for the German economy. GDP grew 2.2% compared to 1.9% and the year ended with an unemployment rate of 3.8%, though the country’s longstanding trade surplus fell for the first time since 2009 as domestic demand drew in more imports for the export-orientated economy. All the while the impending arrival of Brexit is met with equal parts indifference and anticipation.