Germany as a location in crisis: Why the federal government stands idly by while the economic decline accelerates

Germany as a location in crisis: Why the federal government stands idly by while the economic decline accelerates

Germany's economic data shows that the country is once again the sick man of Europe. The industrial sector in particular is losing value added, which is also reflected in data from the International Monetary Fund. Family entrepreneurs like Hans-Helmuth Schmidt sold their companies because rampant bureaucracy and high wage and non-wage costs were paralyzing them. German family businesses are now highly attractive for foreign investors, but Germany is less so. This deindustrialization is also reflected in statistics. According to the Family Business Country Index, Germany has seen a sharp decline in competitiveness. The federal government has not recognized the drama of the situation with regard to Germany as a location, even though we have a well-trained labor market and a stable economy. Family businesses are therefore calling for a pact to strengthen the location and concrete measures such as reducing bureaucracy and reducing corporate taxes.

According to a report by amp2.wiwo.de,

The traffic lights watch idly as the economic decline accelerates – WiWo