Lack of order in Germany: Economy is fighting for survival!

Lack of order in Germany: Economy is fighting for survival!

The alarm bells ring in the German economy! The industry has a frightening lack of order, and the numbers speak volumes. According to a current survey by the Munich IFO Institute, 41.5 percent of the companies state that they are fighting orders with a dramatic decline. In comparison, it was 39.4 percent in July. This worrying development brakes the economy and hits almost every industry. Industry is particularly affected, where almost every second company reports a blatant lack of new business. The gastronomy also suffers: over a third of the companies complain about too few guests!

industries in crisis mode

The situation is alarming! While industry and gastronomy groan under the lack of order, legal and tax advisors and auditors can look forward to a high demand. The reason? The immense bureaucracy and regulatory effort ensures that these professional groups suffer less from order bottlenecks. But what does that mean for the entire economy? The uncertainty is growing and concerns about the economic future are increasing.

These dramatic developments were announced on November 11, 2024 in the Deutschlandfunk program. The question remains: How long can the German economy keep on its feet while the lack of order is becoming increasingly threatening?