Rising Energy Prices Expose Vulnerabilities in Germany's Once-Strong Economy
  • 7 months ago
Germany, once a strong economy known for its exports, is now the worst-performing major developed economy. The loss of cheap natural gas from Russia due to the Ukraine crisis has caused Germany's energy-intensive industries to struggle, leading to concerns about deindustrialization and job losses. The country faces challenges related to the slow adoption of digital technology, delays in renewable energy projects, inadequate infrastructure investment, electricity price concerns, skilled labor shortages, and reliance on Russia for gas supply. Germany's coalition government's squabbling over energy policies has frustrated business leaders.
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