Germany in Worst Economic Crisis Since 1949

According to a study by Gesamtmetall, the Federation of German Employers’ Associations in the Metal and Electrical Engineering Industries, the German economy’s lack of growth is the worst financial crisis in 75 years. The associations are calling on all political parties to focus on improving the economic framework following the chancellor’s lost vote of confidence on December 16.

The current economic development in almost all sectors is dramatic. Investments are failing to materialize. Almost every day, companies at home and abroad are making decisions against Germany as a business location. Our country is becoming increasingly unattractive and is losing more and more jobs.
—Gesamtmetall declaration

Lack of growth: With few exceptions, the German economy has grown continuously since 1949. The recent crisis that began with the coronavirus pandemic is the longest period lacking significant economic growth. Bild published the study’s findings.

The German economy is in a profound structural crisis. Germany cannot hope that abundant demand from abroad will help it to overcome its own crisis. The wind is blowing in the face of the export-oriented German economic model from all directions.
—Prof. Jens Südekum, University of Düsseldorf economist and government adviser

The Scholz-Habeck recession is the longest phase of weakness in the history of the Federal Republic of Germany. We are experiencing a permanent loss of prosperity and there is no prospect of improvement. … Everyone knows that the country needs a fundamental policy change to save the location.
—Stefan Wolf, Gesamtmetall president

New leadership:

There is already great urgency for a strong leader. In a crisis, Germany’s elites may decide there is no time to appoint someone democratically—they could step in and select a leader quickly.
—Gerald Flurry, Trumpet editor in chief

Learn more: Read “After Trump’s Victory, Watch Germany.”