Germany’s economy experiencing its deepest crisis since Federal Republic’s foundation

Germany’s business location is in “free fall”, bluewin news portal writes, citing the Federal Republic of Germany (BDI).

“The business location is in its deepest crisis in the history of the Federal Republic of Germany, but the German government is not reacting decisively enough.”

In a new industry report, production in industry is expected to fall by two percent this year.

“This is not an economic dip, but a structural decline,” Leibinger said, adding that “Germany now needs a turnaround in economic policy with clear priorities for competitiveness and growth.”