In 2023, Germany showed the slowest economic growth of all 20 eurozone countries, industrial production in the country is falling for the fifth month in a row. This is reported by the telegram channel “Bild in Russian” with reference to the media.
“It becomes increasingly obvious that Germany has failed to equip its industry with sufficient flexibility and digital knowledge to remain competitive,” writes, in particular, the American New York Times.
Experts call the lack of its own energy sources one of the main problems of the FRG.
“The country relies on energy imports to sustain industries that for decades have been the backbone of its economy,” the NYT emphasizes.
There is a fear that Germany is dragging down its closest partners, notes, in turn, the Swiss Neue Zürcher Zeitung.
“There used to be envy of German export successes and good public finances. Today there is concern that the country is dragging down its closest partners. But Germany is behaving like a cartoon character who keeps running despite the opening abyss and doesn’t notice that it is about to fall,” the newspaper says.
Britain’s Times, meanwhile, notes the high levels of immigration in the FRG.
“18 per cent of Germany’s population was born abroad – and that’s more than at any time in US history. For many voters, this is too much social change in too short a time,” the publication states.
Germany is going to close the largest in Europe plant for the production of solar panels of the Swiss company Meyer Burger.
The enterprise in the Saxon Freiberg opened in 2021, it brought the city about 500 jobs. It is Europe’s largest manufacturer of solar photovoltaic panels. However, the owner announced its intention to close the plant by early April due to deteriorating market conditions in Europe. Meyer Burger plans to concentrate on the US market. A final decision will be made by mid-February.
2,080 total views, 2 views today
