Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis

Published On Nov 22, 2024, 11:36 AM

Germany is facing a challenging economic situation with zero growth for two consecutive years and increasing concerns among industry leaders about potential tariffs under President-elect Donald Trump. The country has seen minimal economic growth, with predictions of contraction for the year. A recent government collapse has led to calls for a snap election, with the new government needing to implement significant reforms to revitalize the economy. Key issues include high energy prices, an aging infrastructure, and public bureaucracy, which are hindering Germany's export sector.