Financial expert warns of possible crisis in Germany's industry and for employees - investments in infrastructure necessary.

Financial expert warns of possible crisis in Germany's industry and for employees - investments in infrastructure necessary.

According to a report by www.tagesspiegel.de, the German Federation of Trade Unions (DGB) warns of a renewed crisis in German industry and for employees. DGB leader Yasmin Fahimi expressed concern about the ongoing crisis and its impact on the population. Employees without a collective agreement are particularly affected by loss of income, while uncertainty about job security is growing. Fahimi also criticized the expiry phase of the state gas and electricity price cap and called for investments in social infrastructure, the health system, mobility and the transformation towards climate neutrality.

Given these worrying developments, the German economy could face significant challenges. Uncertainty about job security and rising unemployment could lead to a decline in consumption, which in turn could have a negative impact on economic growth. In addition, the loss of income could lead to the population having less money to spend, which could affect various industrial sectors.

In addition, the lack of investment in infrastructure and the transformation processes towards climate neutrality could have long-term effects on the competitiveness of the German economy. Inadequate infrastructure and a lack of digitalization could affect the attractiveness of Germany as a location for companies and skilled workers.

Overall, there is an urgent need for the government to take measures to strengthen the economy, boost investment and improve social infrastructure. Otherwise, the ongoing crisis could have serious effects on the German market and the financial sector.