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Germany Today

German news in English

Friday, January 31, 2025

Germany's Economy Faces Critical Crossroads

Published: 2025-01-29

Germany's economy is grappling with its third consecutive year of recession, with industries like automotive and wholesale facing severe challenges.

High energy costs, bureaucratic hurdles, and declining sales have left businesses frustrated with government inaction.

The automotive sector, a cornerstone of Germany's economy, is stagnating, while wholesale revenues are plummeting.

Business leaders are calling for urgent reforms, including tax cuts, reduced bureaucracy, and affordable energy prices.

With the upcoming federal election seen as a pivotal moment, over 50 industry groups plan to protest on January 29, demanding a shift in economic policy.

Experts warn that without decisive action, Germany risks losing its competitive edge on the global stage.