Germany's economy is forecasted to shrink for another consecutive year, reflecting deep-rooted structural issues and an increasingly unfavorable global economic landscape.
Vice Chancellor Robert Habeck indicated that despite attempts to resolve issues like energy security and bureaucracy, lasting economic growth remains elusive for Germany.
The government's predictions have shifted dramatically, with a new forecast projecting a 0.2% contraction this year, starkly contrasting with earlier growth expectations of 0.3%.
Martin Wansleben from the German Chamber of Commerce stressed the need for immediate reforms, citing fears of prolonged recession due to insufficient investment incentives.
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