Germany is stuck in a deep economic crisis amid a structural break that the country’s leading industry lobby predicts will lead to the most protracted downturn since reunification nearly 35 years ago.
posted in: Breaking News, Germany, News
The Federation of German Industries (BDI) forecasts the German economy to contract by 0.1% in 2025. That would follow a 0.2% decline in 2024 and a 0.3% contraction in 2023. According to the BDI, Germany’s expected contraction this year is in contrast to projected growth of 1.1% for the European Union.
“Industrial growth, in particular, has suffered a structural break. Order books remain empty, machines are standing still, companies are no longer investing—or at least not in Germany,” said BDI president Peter Leibinger. “I cannot remember such a bad mood in industrial companies.”
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Source: https://fortune.com/europe/2025/01/28/germany-stuck-deep-economic-crisis-major-industry-lobby-bdi-predicts-longest-downturn-since-1990-reunification/?utm_source=search&utm_medium=suggested_search&utm_campaign=search_link_clicks