Bavarian economy is in crisis: How a new Agenda 2010 could help!

Bavarian economy is in crisis: How a new Agenda 2010 could help!

The Bavarian economy is increasingly concerned because the wave of optimism that came up in spring has now proven to be feasible. The Bavarian Chamber of Commerce and Industry (BIHK) has determined a worrying development in its current survey among over 3,000 companies. According to BIHK general manager Manfred Gößl, the mood on the executive floors is at a low point. The BIHK economic indicator decreased from 107 points to 99 points in the spring and thus reaches the lowest level since autumn 2022.

Here it becomes clear that the numbers are not just statistics, but also have an immediate impact on the economic landscape in Bavaria. The survey results show that the learned optimism that the service industry at times exuded was quickly lost. The economic uncertainty is measurable: Against the background of rising energy prices and inconsistency on the international market, especially after the end of Russian natural gas deliveries, this situation could result in even more serious consequences.

economic challenges in industry

A central problem is the decline in exports and falling consumption in your own country. The industry is particularly affected, which, according to Gößl, is under considerable pressure. The BIHK President emphasizes that the energy-intensive industry in particular, which includes many key sectors, suffers from insufficient utilization of the capacities. Companies from the chemical or cement industry notice a lack of demand that once came from markets such as China. "What happens here is a structural crisis," emphasizes Gößl and points out that an improvement in the situation, even until January, cannot be expected.

The companies are increasingly being hesitant in the survey in relation to investments. Gößl makes it clear that a lot of money should be flowed into private investments right now in order to initiate positive economic development. The consequences of this reluctance could be serious, with a majority of the companies already report that jobs are being broken down. Currently, only 13 percent of the companies surveyed are planning to create new jobs.

reforms as an idea of ​​solution

In order to tackle this structural crisis, BIHK President Klaus Josef Lutz advocates comprehensive structural reforms. He compares the current situation with the challenges of the 90s and calls for a new edition of an "Agenda 2010", which in his opinion is necessary to react to the economic problems. These reforms should be significantly more profound than the previous measures and aim to stabilize the economic landscape.

lutz calls for small promotion programs and the creation of incentives for more employment. This may include a re -evaluation of tax measures that are currently perceived as unfair. "The entire system has to be designed in such a way that everyone makes their contribution to solving the problems," says Lutz the upcoming challenges.

The coming months will be crucial to observe whether the proposed reforms can create enough space for positive developments, or whether the negative development of the Bavarian economy is further progressing. The ability of companies to adapt and invest a key role in coping with this crisis will play, and it remains to be seen whether the pressure leads to changes. href = "https://www.merkur.de/wirtschaft/industrie-bayern-deutschland-wirtschaft-wandelskammer-produkstal-geld-93364200.html?womort=wirtschaft" Target = "_ blank" rel = "nofollow noopener noreferer"> as www.merkur.de reports .