13:40 7 September 2024
Germany Faces Self-Inflicted Economic Crisis, Experts Warn
Germany is grappling with a deepening economic crisis due to its dependence on cheap Russian energy and slow adaptation to global economic shifts, according to Handelsblatt. Rising energy costs are severely impacting energy-intensive industries, and the transition to a greener economy is lagging.
Analysts emphasize that without quick policy reforms and greater investment in innovation, Germany risks long-term economic stagnation, compounded by demographic challenges and increasing global competition. The situation highlights the urgent need for structural change in Europe’s largest economy.
