It’s been almost five years since the economy has grown in Germany. Each of the four things that powers it is breaking down.
An energy crisis caused by Russia, slowing Chinese growth, supply-chain blockages and an aging workforce are ending the decadeslong reign of Germany’s export-focused manufacturingChristoph Schmidt/dpa/ZUMA PRESSGermany’s economy hasn’t grown for nearly five years.
Its recovery from the Covid-19 pandemic has been weaker than any major advanced economy. Its ability to fill its energy needs is in question. And now the countryIt’s a sharp turn of fortunes for Germany’s large manufacturing sector, which flourished over the past two decades just as other Western nations saw industrial jobs migrate to Asia.
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