"Germany's economy is suffering its 'deepest crisis' since World War II, an industry group warned Tuesday, calling on Chancellor Friedrich Merz's government to take urgent action to spark a revival."
"Europe's biggest economy "is in free fall, but the federal government is not responding decisively enough," said Peter Leibinger, president of the Federation of German Industries (BDI)."
"Predicting that industrial production will fall in 2025 for the fourth year in a row, the BDI warned this is "not a temporary economic dip -- but a structural decline"."
""Germany now needs an economic policy turnaround with clear priorities for competitiveness and growth," he added."
Germany faces its deepest postwar economic crisis, with industrial production projected to fall for a fourth consecutive year in 2025. High energy costs are burdening manufacturers and weak demand in key export markets is reducing orders. Competition from China's expanding industrial capacity and US tariffs have further squeezed German industry. The economy has endured two years of recession and is forecast to show only meagre growth in 2025. Industry leaders warn the decline is structural rather than a temporary dip and call for an urgent economic policy turnaround focused on competitiveness, growth, and decisive government action.
Read at The Local Germany
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