Pessimism in the German economy: Experts warn of crisis!
Pessimism in the German economy: Experts warn of crisis!
The mood in the German economy has reached a low point. According to a recent survey, which was published by stern.de , many business associations look at the future with great concern. The reasons for this pessimism are high costs, a lot of bureaucracy and in global crises. Out of 49 associations surveyed, 31 rate the current situation worse than in the previous year. Only four economic sectors, including disposal, insurance, trade fairs and real estate, report an improvement.
Michael Hüther, director of the Institute of German Economy (IW), describes the current situation as worrying and complex. The next federal government faces the challenge of creating a sustainable economic perspective. The number of optimists for 2025 has increased compared to the previous survey, but the pessimists continue to predominate. 20 out of 49 business associations expect a decline in production in the coming year. 13 associations assume constant values, while 16 proceeding the production of production. The forecast of job cuts is also worrying: 25 associations expect a decline in employment, while only seven more employees expect. Among the industries that could reduce jobs are the iron and steel industry, mechanical engineering, the automotive industry and construction. On the other hand, positive things are reported from the pharmaceutical industry, air and spatial vehicle construction as well as the freight forwarders.
economic challenges and crisis awareness
The German economy is not only faced with challenges at the national level, but also experiences an economic flaut. In a report by Welt.de is pointed out to various factors: interest rate increases World economy and uncertainties according to a household compromise. Rainer Dulger, President of the employer, describes the situation as a serious economic crisis, while DIHK President Peter Adrian speaks of heavy fairway for the German economy. Forecasts for 2023 indicate a decline in economic output, while only minimal growth is expected for 2024.
companies hesitate to make investments because predictability is missing. A survey of the IW showed that 23 out of 47 business associations expect a decline in production or business. 15 industries assume constant economic activity, while nine expect a higher level of production. Adrian demands more planning security and warns of a continuation of the recession. The industry is described in a critical situation by Siegfried Russwurm, the President of the Federal Association of German Industry. Despite a shortage of skilled workers, there are employment problems in several industries.
Dulger calls for a change of course by the federal government and an “Agenda-2010 moment” to promote Germany's competitiveness. It draws attention to the high energy costs, taxes, taxes and wages in a European comparison. He also emphasizes the need to remedy the educational misery and reduce bureaucracy. Adrian calls for a change in economic and location policy. While some government resolutions for planning, approval and infrastructure expansion are evaluated positively, Dulger warns of falling investment decisions in favor of abroad. More and more medium -sized companies are moving their production abroad in Germany due to unattractive conditions.
| Details | |
|---|---|
| Ort | Deutschland |
| Quellen | |