As a business location, Germany is currently weakening enormously. The ongoing economic downturn is also being discussed accordingly.
There is a risk of job losses
In the chemical industry, for example, it is clear that many companies in the sector are reducing their investments in Germany. This, in turn, means that active deindustrialization is underway, with the consequence that thousands of jobs could be lost. The chemical industry is therefore demanding state aid to compensate for the high electricity prices.
Germany will be almost at the bottom
The assessment of the International Monetary Fund (IMF) expects a recession for Germany. In April, the IMF was still expecting an economic downturn of 0.1 percent – this has now been corrected. According to the IMF, the German economy is expected to shrink by 0.3 percent this year. This means that Germany would almost bring up the rear among the industrialized countries.
Different problems – many approaches
It is now becoming apparent that there are many pent-up problems. These include, for example, a lack of skilled workers, an outdated infrastructure, very high taxes and energy prices, and a massive digital backlog.
Habeck proposes, for example, subsidizing the electricity prices of large companies in the chemical or metal industries. He is planning 30 billion euros for this by 2030 – financed by new debt. After that, he hopes there will be enough cheap renewable energy in Germany.
Lindner on the other hand, would like to introduce a law for tax relief. Premiums for investments in climate protection are a relevant point. This should create new impulses, which could ultimately lead to more competitiveness.
Die Union calls on the traffic light coalition to vote for a reduction in electricity tax and network charges.
Chancellor Scholz sees the challenges as solvable – but still does not commit itself to a possible industrial electricity price.
Our questions for you: What do you think about the economic situation in Germany? How can Germany become more competitive again? What does it take to strengthen the economy and are you feeling the effects of the current situation?
We look forward to your answers!
Sources:
2023-09-04 23:31:31
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