Germany is reaching a point of no return. Business leaders know it, the people in the country feel it, but politicians haven’t come up with answers.
That has set Europe’s largest economy on a path of decline that threatens to become irreversible.Following five years of stagnation, Germany’s economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.
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More worryingly, Bloomberg Economics estimates that the bulk of the shortfall will be tough to recover, due to structural blows such as the loss of cheap Russian energy and Volkswagen and Mercedes-Benz Group struggling to keep pace with China’s auto firms.
Germany is unraveling just when Europe needs it most
December 15, 2024 at 3:28 PM PST
Years of poor decisions and some bad luck have shattered Germany’s economic model just when the rest of Europe needs its industrial muscle to help the region keep pace with China, deal with Russia’s war in Ukraine and respond to an increasingly isolationist United States. Instead, Germany is facing its biggest crisis since reunification.
Germany Is Unraveling Just When Europe Needs It Most
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