DIHK President warns: Germany is losing its attractiveness - financial experts are analyzing the consequences

DIHK President warns: Germany is losing its attractiveness - financial experts are analyzing the consequences

According to a report by www.otz.de, DIHK President Peter Adrian warns of an increasing relocation of production from Germany to abroad. He justifies this with the better framework conditions in the USA and Asian countries, especially with regard to energy supply, taxes and duties as well as entrepreneurial freedom. This could have long-term negative effects on Germany as a location and the economy. The survey conducted by the DIHK among more than 2,200 companies shows that they rated economic policy with the worst grade ever given in the triennial survey (grade 4.8). Above all, too much bureaucracy, high energy costs and approval procedures that were too long were criticized.

These developments are reflected in the DIHK President's warning that Germany must not become the “sick man of Europe” again. He emphasizes the need for a fast, agile, unbureaucratic and digital transformation, which must be supported by politicians in order to protect the location in the long term. Adrian also warns against Germany going it alone when it comes to climate protection, as this could lead to serious competitive disadvantages for German companies. The negative assessments of economic policy and the warnings from the DIHK President illustrate the serious situation and the possible effects on the market and the financial sector in Germany. It is important that politicians take these warnings seriously and take measures to strengthen Germany's economic location and attractiveness as a production location.