Financial expert warns: DGB forecast indicates ongoing crisis for industry and employees.

Financial expert warns: DGB forecast indicates ongoing crisis for industry and employees.

According to a report by www.zeit.de According to the German Federation of Trade Unions (DGB), industry and employees in Germany are threatened with another year of crisis at the turn of the year, as the situation is anything but relaxed.

DGB leader Yasmin Fahimi expressed concern about the situation as many workers suffered real income losses, especially those without a collective agreement. Many also fear that their jobs are no longer safe.

Fahimi pointed out that energy-intensive industries are particularly affected by the crisis, which has a negative impact on basic industries. She also criticized the government's decision to let the state cap on gas and electricity prices expire at the end of the year.

Fahimi also emphasized that Germany is becoming increasingly unattractive for companies due to a lack of skilled workers, inadequate digitalization and doubts about the successful transformation in the energy sector.

This development could lead to a further decline in investment in the German economy and increase unemployment. In addition, the uncertainty surrounding future energy supplies points to possible shortages that could impact financial markets and industry-specific stock values.

The government is called on not to forego billions in investments and to create a special fund for investments in infrastructure in order to transform the economy and society towards climate neutrality. However, a general redesign of the debt brake and the promotion of investments could have a positive impact on the market.