Germany's industry is fighting for survival in the global race!
Germany's industry is fighting for survival in the global race!
German industry is facing a dramatic setback in international competition. According to a current survey by the IFO Institute, 24 percent of companies already assess their competitiveness towards countries outside the EU as low, while 21 percent report on increasingly harder competition within the EU. Klaus Wohlrabe, head of the IFO surveys, emphasizes: "We have not yet observed such a slump in international competition in such a short time." These worrying results illustrate the challenges that industry faces.
The automotive industry, which has been continuously losing ground for two years, is particularly affected. The metal and chemical industry is also facing tense times. In contrast, the beverage manufacturers show a comparatively stable position in international competition because their situation has hardly changed lately. The IFO Institute emphasizes that the mood among the managers in February was slightly improved, even though the competition continues to press. The business climate barometer improved from minus 24.8 points in January to minus 22.1 points in February, which is considered a positive development because the order situation has remained stable.urgency of reforms
News today informed.
In order to master the challenges, companies and politics have to work hand in hand to secure the position of German industry. The current surveys show that the need for action is enormous. A break-in of competitiveness is not only alarming, but could also have long-term consequences for the entire industry, as well as Oe24
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| Ort | München, Deutschland |
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