January 28, 2025 at 09:12AM
If the German economy sees a decline again in 2025, it will be the first time since the reunification in 1990 that the country has suffered a contraction for three years in a row. Ouch. And BDI warns that such a scenario is beckoning with the situation being “very serious”.
“Growth in industry in particular has suffered a structural break. The economic crisis is more than just a consequence of the pandemic and Russia’s invasion of Ukraine. The problems are home-made and the result of a structural weakness since 2018 that governments have failed to tackle. Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed.”
This article was written by Justin Low at www.forexlive.com.