Economy in danger: deindustrialization threatens German companies

Economy in danger: deindustrialization threatens German companies

The German economy is in a serious crisis, characterized by many unresolved problems such as the energy transition, reductions in bureaucracy and a shortage of skilled workers. Businesses are deeply frustrated by the current federal government's lack of ability to act. Warnings of impending deindustrialization are becoming increasingly urgent.

Representatives of the employers' association Gesamtmetall and the trade union IG Metall are calling for urgent measures to strengthen Germany as a business location. The current migration of companies in investment decisions is interpreted as an alarming sign of impending deindustrialization. Demands for competitive energy transition costs and improved investment attractiveness are being brought to the federal government.

The problem of high energy costs is of central importance for the German economy. The increase in costs as a result of the Ukraine conflict and the loss of Russian energy supplies represents a significant burden. An effective energy strategy is seen as crucial in order to retain German companies in the long term and stabilize the economy.

The federal government's decisions are viewed critically, particularly the shutdown of nuclear power and restrictive sanctions against Russia. These measures are seen as more damaging to the German economy compared to the Russian economy. The lack of clear goals and plans in energy policy is addressed as a failure that needs to be urgently addressed.

Daniel Hager, a prominent entrepreneur, expresses little confidence in the current government and future political direction. The government's inability to pursue coordinated policies is identified as the cause of growing social divisions and political confrontations. The call for a new government to be formed that brings in more economic expertise is highlighted by Hager.