Germany's economy in danger: The creeping descent threatens!
Germany's economy in danger: The creeping descent threatens!
Köln, Deutschland - It crashes tremendously in the beams of the German economy! A dark report by Bloomberg that German households become poorer every year by 2500 euros. The economic decline did not come overnight, but it seems unstoppable. The reason: structural shocks such as missing cheap Russian gas and the crisis of the auto industry, especially about the Volkswagen giant.
The economy faces an unprecedented challenge: after five years of stagnation, the German economy is now five percent smaller than it could be if the growth trend had held before the pandemic. The downward trend does not want to end, and politics seems powerless. Will a political change change bring the turn or does everything stay the same? The new elections in Germany in February offer this possibility, but the slow, creeping decay leaves hardly any hope for germinating dynamics.
de -industrialization eats German economy
In addition to the ubiquitous job cuts in giants such as Thyssenkrupp or Bosch, the long -term prospects of the automotive industry are also worried. The step towards electromobility will inevitably bring further relocation, and as if that would not be enough, unemployment has already been six percent - the highest value since 2016. President of the Future Today Institute , Amy Webb, predicted that Europe is being drawn into the abyss if Germany brackets in business.
There is also very little encouragement from politics. MSN adds that the lack of answers on the part of the governments are alarming about the country's serious problems. Extra costs in energy -intensive industries and declining export continue to burden. Without drastic measures, the delicate growth hitch of these industrial sectors threatens to disappear. The current economic problems could terribly scare away abroad - exactly the talent that Germany urgently needs.
political lethargy threatens
The coalition appears fragile in the German power centers and after the collapse of the traffic light coalition, numerous companies have applied understanding for chaos, but also announced personnel loss. Are substantial reforms taken to stabilize the country? Germany remains the country with the lowest debt rate among the G7 countries, but that must not be deceptive. Politicians must use this advantage in order to realize urgently needed reforms, Economist Salomon Fiedler from the Berenberg private bank.summarized: Germany's economy is on the crossroads. Will it be possible to escape the impending downward spiral, or will it be feared and grabbits? The next few months could be crucial to avert the impending economic collapse and correct the 2500 euros annual loss of households.
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| Ort | Köln, Deutschland |
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