In charts: Germany’s economy has once envy of Europe. No more

While the United States and most European Union ruined by pandemic recession and restart their economic motors, Germany remains identified.

Their economy they diminished little in 2024, after the adjustment for increasing prices. Forecast for this year it doesn’t look much better.

The other measures also looked. They show an economy quickly back sliding, amazing decline that are emerges as one of the greatest issues in the election of the Sunday Parliament.

The situation is nothing short of a national crisis. A country that has long been yourself in their ethical work and his manufacture could now see the race of global rivals.

“Economic policy in Germany is Germany:” Stepan ball, a sales supply material from the National Region said to this month of Stromberg. It went to list a lot of information in crisis, including the automination of traditional, and of electric vehicles.

Trade leaders and many worried voters use the same word when describing what’s gone? competitiveness. I am They feel like if they are a football star you cannot suddenly the net, or a marathon that cannot be continued the lead group. And they feel that happened almost no night.

“Definitely believe that we can profess,” Sse Christian Klein, the Software CEO in Basic Abanque, “but some funnicence will change.”

Charts below show only what seems when an economy quickly lost their edge. They said a Stark Stark of Industrial Challenge and Work, with a few opportunities for a nearby turning Level is promoChichly for Bigecheastic.

‘Stuck in stagnation’

In the great picture, it is impossible to miss Germany’s fights. Start with the growth, that is helped Germany the third-bigger third, but it has only cracked’s 20 to hunt the year that the German nose is no greater time. The government predictions predict an anmic 0.3 percent rate of growth This year. I am

“Arigia is flight in stagnation of stagnation, economic minister, Robert Habeck card, said late last month.

It is partially because German leaders made a big bet on the globalization that has not already been paid. Even with a large consumer basis at home, the German companies of foreign markets for the growth of sale. More than four hundred and German economy depends on the tradecompared to about a quarter of the American economy. The threat of a world war, frightened by fees from trump, looms for everything.

The market that once looked the most promising, China, always seemably smell. German exporters to China get in the 2022 and have been decaying, even if the china grows. That has drained fuel for growth. German companies have not yet found other markets to replace their Chinese sales.

The high costs, a low demand

Great the economic economic identity is Ostructed in their factories: cars, BLS. chemical, passingian, stiamaceutics, darmaceTypicies, still Eastern Manufacturers. I am That makes the fight of the sector all the most painful.

The manufacturing is falling as an economy driver of Germany. While German manufactures were in Europe’s origin, I am no longer. Are not on the middle of average, in terms of production.

After the deciences of German manufacturing in rates a lot higher than their European men, Germany identity more than their production lines last year.

The factory owners, executives and workers everyone calls the same crops for that slide: power costs on the ground. It takes a lot of power to perform a factory, and the Germans pay more to him that their neighbors. German politicultural pushed the country Before the pandemic to fill their nuclear energy plants and ramps the imports of natural gas from Russia. When Russia was invaded the Ukrainian, the garn flux is wagless and the enemy coast.

The country quickly invested in renewable sources as the wind cost, but the country of the country of companies that search with the rivals in Europe, where the electricity cost less.

A less competitive work force

As per the mountains costumes, economists and business leaders complain that the work characteristics of the work germany you put it in the disadvantage. German workers are more expensive than their men through Europe, largely because of orari wages are significantly higher than in pairs of pairs.

And generally, their population works less.

The country also experienced turns in the worker preferences, often influenced by government policies.

In 1991, shortly after the fall of the Berlin Wall, about 14 for the tasks of the days worked part-. This number has more by doubling, to 30 percent. I am

Even full-time workers are logging. And alloy see a king at our dinback of days that worksver sings, with a 22froven AMEDI in 2023, as per the economic Institute.

Politicians through the political specter agrees the country requires more workers, and the will to come. Germany’s Poor Boy has arrived in America, and America, and is starting to see the waves of workers with that generation.

Conservatory policies in the chanceler race they promised to save government welfare payments to people who can work, but you choose not. Economists say country policies, and their social standards, discourage women especially to work more.

The workforce crisis seemed to be worse if not for the millions of refugee and other migrants of Germany took from countries such as Syria, in the Ukraine. Economists say they have helped fill the holes left by retirements and change to partial time.

Year year, researchers to organization for economic coverage and development in paris reported that Germany had a 70 employee’s beat for the immigrants in 2022. which was significantly higher than other European Union countries.

The erodor of migration, however, the German escapes and emerged as a major problem of vote. In particularly in the parts of the country’s parties is falling, the voters have punctures the thumbs that promise new refugees and deport those already.

For some votors, it’s a complaint complain in confidently to their economic dimination experience: the country, they say, they look more allways, and they would like the old man.