Financial expert warns of a desolate picture of the federal government and a possible weakening of the economy in the super election year of 2024

Financial expert warns of a desolate picture of the federal government and a possible weakening of the economy in the super election year of 2024

In the super election year of 2024, the chambers of commerce are worried about a rise in “extreme forces” and the state of the regional economy. In a letter to the Chancellor, they do not skimp on criticism. According to a report by www.welt.de,

The criticism of the Federal Government by the East German Chambers of Commerce and Industry regarding the economic conditions in East Germany is of great importance. The problems described with a “worsening permanent crisis mode” and the erosion of Germany’s international competitiveness could lead to long-term economic difficulties in the region. It is important that the federal government responds to such warnings and criticism in order to minimize the negative impact on the economy.

The fact that the federal government “presents a desolate image” to the public and a “heated mood across the country” is also worrying, as this could potentially give rise to extreme political forces. This type of social and political unrest could destabilize the entire market and affect investor confidence.

It is clear that the government's identified shortcomings are placing a heavy burden on companies in East Germany and are weakening trust in the political leadership. In the long term, this could lead to an exodus of companies from the region and a loss of jobs. The federal government should therefore urgently take appropriate measures to improve the economic conditions in East Germany and regain the trust of companies and investors. Otherwise there is a risk that East Germany will become an economic and political crisis area.