Strong economic slump in Germany - what to do?

Strong economic slump in Germany - what to do?

According to a report by amp.focus.de, the German Chamber of Commerce and Industry (DIHK) found in a survey of more than 2,200 companies that economic policy in Germany was rated 4.8 - a new low. Above all, companies complain about too much bureaucracy, high energy costs and approval procedures that are too long. DIHK President Peter Adrian warns that Germany is becoming less attractive as a location and threatens that Germany must not become the “Sick Man of Europe” again.

This poor assessment of economic policy and the warnings that come with it have a significant impact on the market and the financial sector. Unattractive economic policies can lead to foreign investors leaving and German companies relocating their production abroad. This would lead to a decline in domestic demand, an increase in unemployment and a loss of competitiveness.

The warnings from DIHK President Peter Adrian confirm the concerns of many financial experts who have already pointed out the negative effects of inadequate economic policy. It is important that politics becomes faster, more agile, less bureaucratic and more digital in order to meet the current challenges and secure Germany as a location in the long term. The financial industry will closely monitor these developments and react accordingly to changes in the market in order to minimize possible risks and take advantage of opportunities.