Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group’s slowest-growing #economy again this year, according to our latest projections. Some pundits say Germany’s #economic model is irreparably broken. They argue strong growth in previous decades was based on importing cheap #Russian gas, which in turn powered #Germany’s highly #competitive export #industries. With this cheap #gas no longer available, the German #manufacturing model doesn’t #work anymore, or so the story goes.
Germany was the only G7 economy to shrink last year and is set to be the group’s slowest-growing economy this year. What can Europe’s largest economy do to revive its economic prospects? In a Country Focus article, we set out the reforms needed to overcome Germany’s most serious economic challenges: an aging population, too little public investment, and too much red tape: https://lnkd.in/diZe3Wxs