"Germany's Industrial Decline: Is a Green Victory on the Horizon?"

1 min read
Source: Mish Talk
"Germany's Industrial Decline: Is a Green Victory on the Horizon?"
Photo: Mish Talk
TL;DR

Germany's industrial production has been in decline since 2017, with factors such as the energy crisis, loss of cheap Russian gas, and competition from China contributing to the country's fading industrial competitiveness. The transition to clean energy and the scrapping of nuclear power have also impacted the economy, leading to job losses and the relocation of investments to China. Germany's lag in areas such as AI, EVs, microchips, and internet infrastructure further exacerbates its economic challenges, with the country's export prowess also diminishing.

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