The former export champion: Germany is losing out in key industries
Germany is losing ground in key industries. While China and other countries are making targeted investments, German exports are at risk of falling behind. What does this mean for the economy?
The export crisis is hitting Germany in its key industries. Mechanical engineering, chemicals and the automotive industry are losing market share, while China continues to grow. At the same time, the USA and South Korea are investing massively in future technologies. If Germany remains passive, it risks losing its global competitiveness in the long term.
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