Economics Minister Steinbach: Brandenburg's economy will be positive in 2024 - but problems in the automotive supply industry

Economics Minister Steinbach: Brandenburg's economy will be positive in 2024 - but problems in the automotive supply industry

According to a report by www.volksstimme.de, Brandenburg's Economics Minister Jörg Steinbach predicts an overall positive economic development in Brandenburg in 2024. However, he sees problems for small and medium-sized companies in the automotive supply industry, which may not be able to cope with the change to electromobility and could therefore disappear from the "Brandenburg map".

This development could also impact the financial market. Companies that are unable to adapt to electric mobility could experience losses, while companies that successfully invest in electric mobility could strengthen their market position. This could affect investment decisions and stock prices.

The positive developments in the area of ​​industrial settlements, such as the commissioning of a BASF factory and the planned expansion of Tesla production, could mean an increase in economic growth and investments. This could lead to a strengthening of the industry and positive effects on the regional financial market.

However, the planned closure of tire production by Goodyear and the associated job losses could have a negative impact on the domestic economy. However, the state government's efforts to preserve the site could lead to positive developments and mitigate the negative impacts.

Overall, it is important to keep an eye on developments in the automotive supply industry in Brandenburg, as they could have a potential impact on the regional financial market. It is crucial to make the right investment decisions in order to benefit from the opportunities and challenges of the changing industrial landscape.