Diagrams: Germany’s economy was once the envy of Europe. Now
Most of the United States and the European Union deleted from the Pandemian recession and rebuild the economic engines and returned Germany.
Economy slightly narrowed In 2024, after the growing prices are corrected. Forecasts for this year do not look better.
And other actions look even worse. They show a rapidly sliding economy, Surprisingly decreases On Sunday, the parliamentary elections appeared as one of the biggest issues.
Source: Eurostat
Note: The horizontal axis shows the difference between 27 countries in the latest information in the European Union with Germany and the European Union. The vertical axis shows how the most recent 12-month data changes in the meter in Germany. Both axes are set on a logarithmic scale.
The situation is not a short thing from the national crisis. For a long time, the ethics of its work and a country that produces it is now looking at the competition of global competitors.
“The economic policy in Germany is in the stairs,” the owner of Stephen Pallesch, the nation is on the edge of a political rally on the edge of a political rally in Stromberg. Several industries included in the crisis, including construction, traditional automatic and electric vehicles continued to sort its field.
Working leaders and many disturbing voters use the same word when describing what is wrong with the wrong thing: competitiveness. It is as if they are a marathoner who can not find themselves suddenly with a football star or a lead group. And they feel like they are in almost night.
“I believe we can compete,” said Christian Klein, the CEO of Giant SAP, based on Germany, “but some grounds should change.”
The following graphs indicate that an economy is visible when the rapidly lost its edge. The industrial woe and workers are saying the problems of the workshop, are prospects for a few opportunities and vie for close-term conversion.
‘Stagnant stagnant’
In the great way, it is impossible to improve Germany’s struggles. Start with growth that helps Germany be the third largest economy in the world, but has once a year since 2017, only 2 percent a year. Today is not greater than 5 years ago for increasing prices. Government forecasts predict an anemic rate of 0.3 percent this year.
German economic growth stagnated.
Higher than the EU Below the EU
Note: The year adjustable for inflation shows the annual economic growth.
“The German stagnation is stagnant,” Economy Minister Robert Habeck said in late last month.
This is partly, because German leaders have bets a great deal of globalization. With a large consumer base at home, German companies rely on foreign markets for sales growth. More than five in the German economy depends on tradeCompared to a quarter of the American economy. The Global Trade War spits from the Trump administration by tariffs, looms for everything.
Once the most promisingly visible market, China, it looks increasingly. Germany has risen to China in 2022 and decreased despite China’s growth. Fuel for growth. German companies have not yet found other markets to replace the sales of China.
Germany Exports more to China Compared to the other EU economy, but exports are declining.
GDP’s share than export to China
Note: Exports to China show as a share of GDP
High costs, low demand
Most of Germany’s economic personality is wrapped in factories: cars, chemicals, pharmaceuticals, even espresso manufacturers. This makes the struggles in the sector even more painful.
Production It is still a backbone of the economy but decreases.
A higher share of GDP relative to EU
Note: The manufacturer shows the share of GDP contributed by the sector.
Production falls as the driver of the German economy. German factories were the envy of Europe, they are no longer. In terms of exit, it is not above average.
After decades of the world, Germany uses more higher prices for higher prices than the German counterparts, Germany’s higher rate of production than the European Union as a whole.
Germany has factories More empty capacityAnd now they are behind Europe.
Less empty capacity than the EU More empty capacity than the EU
Note: Uses industrial capacity.
Factory owners, managers and employees all the same guilty for all this slide: energy costs. You need a lot of power to use a factory and the Germans pay more than their neighbors. German politicians pushed the country To close nuclear power plants before the pandemic, to increase natural gas imports from Russia. When Russia is occupying Ukraine, gas was stopped and energy costs increased.
German Energy costs Stay high even though easy.
Cheaper than the EU Is more expensive than the EU
Note: Except for taxes and collections, 70,000 m-clock, 149999 uses the estimates for consumers to a kilowatt-hour price.
The country lies quickly to the renewable sources such as the wind and the sun, but the country’s high energy costs remain a large load to companies trying to compete with competitors in Europe, Asia and America.
A less competitive workforce
Along with high energy costs, economists and business leaders complain about the refusal of the features of the German labor pool. German workers are more expensive than their counterparts in Europe because it is a wage salary It is much higher relative to peer country.
German Labor costs is high and still rising.
Higher than the EU
Note: The cost of employees, including the compensation of taxes and subsidies, including the expenses of a workman, including the work.
In general, the population works less.
Almasas Work in a week Of those in the EU and their hours are still falling.
More than the EU working hours
Note: Shows the average number of hours per week with full employees.
The country has also been affected by employee choices, often affected by government policy.
In 1991, after the fall of the Berlin wall, 14 percent of the Germans worked in part-time. This number has doubled, Up to 30 percent.
Even full workers also come out. According to the German Institute of Economics, the number of days registered in 1923 was recorded in the number of days registered in 1923 and in 2023.
Political spectrum politicians have more employees in the country and will come for decades. Germany’s post-war baby boom came later than the United States and begins to see the wave of the working scholarship from this generation.
He has Germany More retiree to a worker More than the EU
It’s greater than the EU
Note: It shows the number of people aged 65 as a percentage of 15 years and 64 years old.
They promised not to promise the government’s welfare payments to people who can work in the Chancellor competition. Economists say the country’s policy and social standards, To discourage women especially to run more.
In the last decade, the crisis of the workforce for millions of countries such as Syria, Afghanistan and Ukraine, would be worse. Economists say they help fill the remaining holes in the turn of pension and part-time.
Researchers in the Economic Cooperation and Development Organization in Paris last year declare Germany had a 70 percent employment rate for immigrants in 2022. This was much higher than other European Union countries.
The growth of migration, as well as the German society, also strained and appeared as a top voting. In one part of the country, especially the country’s production, voters embraced politicians who promised to block new refugees and deported those who are there.
For some voters, economic decline practices are a complaint with the experience: the country, they say, they are like Germany and want their old ones.