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Europe@feddit.deEnglish · 1 year ago

Germany went from envy of the world to the worst-performing major developed economy.

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Germany went from envy of the world to the worst-performing major developed economy.

boem@lemmy.world to

Europe@feddit.deEnglish · 1 year ago

Germany went from envy of the world to the worst-performing major developed economy. What happened?

Germany racked up one economic success after another for most of this century. But the loss of Russian natural gas due to the war in Ukraine has dealt a severe blow to its industry through higher energy costs.

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taladar@feddit.de
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1 year ago

Wages have not kept up with inflation, while there are worker shortages. Welcome to a perfectly working labour market.

Not to mention the rising right wing anti-immigration rhetoric which doesn’t make it easier to find workers elsewhere.

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