Huge pessimism in the German economy: Where is hope?
Huge pessimism in the German economy: Where is hope?
The mood in the German economy has reached a low point. Current surveys show that many business associations are concerned about the future. The reasons for pessimism are diverse: high costs, lots of bureaucracy and worldwide crises, such as stern reported.
of the 49 associations surveyed evaluate the current situation worse than a year ago. Only four economic sectors were able to improve: disposal, insurance, trade fairs and real estate. Michael Hüther, Director of the Institute of German Economy (IW), describes the current situation as worrying and complex.
serious crisis and possible consequences
Another report emphasizes that the German economy is in an economic flake, which is due to interest increases, a weakening global economy and uncertainties after a household compromise. Employer president Rainer Dulger describes the situation as a serious economic crisis. DIHK President Peter Adrian points out that the German economy is currently in heavy fairway, such as For 2023, a decline in economic output is forecast, while only mini growth is expected for 2024. Companies withdraw due to a lack of predictability. According to the IW survey, 23 out of 47 business associations expect a decline in production or business. At the same time, leading representatives of the economy such as Dulger and Adrian are demanding course changes to the federal government to strengthen Germany's competitiveness. In a more difficult economic situation, certain industries are confronted with job cuts, while other areas such as the pharmaceutical industry and air and spatial vehicles are hopeful into the future. Nevertheless, the challenge of the shortage of skilled workers remains, and many medium -sized companies are considering moving their production abroad.
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| Ort | Deutschland |
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