Financial expert: Economic situation in Giessen region is very tense - only one area is optimistic

Financial expert: Economic situation in Giessen region is very tense - only one area is optimistic

According to a report by www.giessener- Allgemeine.de, the mood among companies in the Giessen region is currently extremely bad. The economic climate index is only 89.9 out of 200 possible points, which represents a significant drop compared to the previous survey.

Companies are struggling with various challenges, including high electricity prices, tax burdens, dilapidated infrastructure and the financial impact of the energy transition. Only the service industry and especially the lending industry are optimistic, with the latter benefiting from an increase in interest rates and increasing income in the lending business.

The global political situation, particularly conflicts in the Middle East region, is cited as another potential obstacle to economic growth. In the Gießen district, retail is particularly affected by the tense situation, which is also linked to the construction work as part of a failed traffic experiment. The construction industry is also suffering from rising construction costs and poorer financing conditions due to increased interest rates.

This situation could have a negative impact on the local market, particularly retail and construction. It is likely that companies will limit their investments and reduce employment. The negative impact could also affect other industries in the area, as the uncertain economic situation could lead to cautious spending attitudes. It is important that the government and industry take joint action to stabilize the situation and restore business confidence.