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Economy urges politics to act
Economy
Politics
At Bosch, 2024 was significantly worse than expected. Almost the entire German economy is in crisis mode: what the reasons are and what is now needed.
2025-02-01 11:00:08
German Economy Calls for Urgent Action
The German economy is in a state of crisis, as highlighted by Bosch's disappointing projections for 2024. Economists emphasize that conventional solutions like bureaucratic reductions and tax cuts are inadequate. Instead, a comprehensive agenda for substantial investment is crucial, with a demand for 1.4 trillion euros in additional funding by 2030. This entails 450 billion euros from the state and 950 billion from private sectors, leveraging special reserves to bypass debt constraints.
Alarmingly, 20% of the industrial sector faces acute danger without immediate intervention. Experts advocate for Germany to focus on quality leadership in pivotal industries, such as automotive and steel, rather than resorting to wage dumping.
The recent economic awareness day underscored these challenges, calling for innovative approaches to maintain competitiveness in the global market.
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The German economy sounds the alarm - but what could really help?
Economy
Politics
Finance
Environment
The German economy is sounding the alarm and calling for action. Economists criticize that the problems are too complex to be solved with bureaucracy reduction and tax cuts. Instead, an agenda with massive investments is being demanded - both public and private incentives. The industrial association BDI has presented a study with calculations and recommendations for action that provides for an additional 1.4 trillion euros in investments by 2030 - 450 billion euros from the state, 950 billion..
Frankfurter Rundschau
The German economy sounds the alarm - but what could really help?
Economy
Politics
Environment
Technology
Südekum sees further problems in international price competition, e.g. in the automotive industry in electromobility and in the steel industry. Instead of resorting to wage dumping, one must take over quality dominance and invest in technology development in order to offer an excellent price-performance ratio.
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