Germany's economy is facing challenges including increased Chinese competition, a drop in Chinese demand, workforce shortage, and a struggling green transition. Chancellor Olaf Scholz's coalition is debating how to address the situation amidst slashed growth forecasts and warnings of a huge worker shortage due to an aging society.
Germany's shortage of workers is biggest risk to growth, minister says https://t.co/w1dpumkAWE https://t.co/gFHIqQbdHc
The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year. https://t.co/lpPKzDCvss
Germany warns aging society to lead to huge worker shortage: ‘Lack hands and minds’ https://t.co/q5rfD1Ecj4 https://t.co/wpJQcbLn8e
#SPR: "We want to make sure that ... we're not doing anything that will take away supply from the market at a time when prices might be high, although I will note that prices have dropped significantly, since the invasion of Ukraine," US energy secretaty Granholm said. #oott https://t.co/uTQafEArSm
🔴 GERMAN ECONOMY MINISTER: I EXPECT AN INCREASE IN PRIVATE CONSUMPTION IN THE COURSE OF THE YEAR.
🔴 GERMAN ECONOMY MINISTER: OUR ENERGY SUPPLY IS SECURE AND INFLATION HAS EASED.
🔴 GERMAN ECONOMY MINISTER: WORKFORCE SHORTAGE IS THE BIGGEST CHALLENGE FOR GERMANY, WE WILL BECOME MORE ACUTE IN THE COMING YEARS.
German economy in stormy waters as government slashes forecast - Reuters https://t.co/e00RtoqcGZ
Weaker exports, costly energy and a stuttering green transition have combined to form a “perfect storm” for the German economy, leaving Chancellor Olaf Scholz’s coalition bickering over how to change course. #Germany https://t.co/sX5SGPma33
Germany's manufacturing problems aren't just energy -- it's also facing massively increased Chinese competition, a dropoff in Chinese demand, and long-term weakness from its crappy education system. https://t.co/XjzO1t6U4w