Germany in the economic crisis: the creeping decline of a nation!
Germany in the economic crisis: the creeping decline of a nation!
Köln, Deutschland - The creeping decay of the German economy is now also reflected in the citizens' monks! Households in Germany lose around 2500 euros annually. The Bloomberg Economics' business team draws an alarming summary: the downward spiral seems to be irreversible! Although Germany's economy is one of the strongest in Europe, it is at a turning point without clear answers from politics. The leading economic leaders notice it, people feel it - a well -known feeling of uncertainty spreads. Berliner newspaper already reports that many Feel the nightmare of an unstoppable decline.
A reason for this decline are structural upheavals such as the loss of the cheap Russian gas and the crisis in the automotive industry, especially with heavyweights such as Volkswagen AG. Production in energy -intensive industries is becoming increasingly expensive and growth stalls. According to Bloomberg Economics estimates, this gap is no longer easy to catch up. While the new elections in February could offer hope for a political change of course, the feeling of urgency simply does not seem to be strong enough. The current standstill endangers millions of jobs, and according to a prediction, employment in the automotive industry could fall dramatically. By 2035 there could be a decline in 186,000 jobs in Germany.
future of the German economy uncertain!
The current economic crisis is called the largest since reunification. Loss of export and a reserved willingness to invest in the company draw a dark picture of the financial situation. Meanwhile, the mood in the labor markets is also worried. Since the collapse of the traffic light coalition, thousands of places have been on the brink. Large employers such as Thyssenkrupp and Bosch have already announced layoffs.
The association of the automotive industry points out that the switch to electromobility will inevitably lead to further job losses. But the change towards new business areas is hardly carried out, which only reinforces the downward spiral, so MSN . Nevertheless, there are bright spots: Germany has the lowest debt ratio of all G7 countries, which creates financial scope, provided that the political will is there to tackle the necessary reforms.
where does the path lead?
The unstoppable way down could trigger serious social tensions. Citizens are looking for culprits and both foreign specialists and talents could leave the country. Social cohesion is threatened and the political managers are faced with the great challenge of drawing a realistic image of the future for the German economy. The development remains exciting, while the citizens hope that Germany's reputation as an economic locomotive in Europe will not finally falter.
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| Ort | Köln, Deutschland |
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