The media pointed to a reduction in German exports amid economic difficulties

Bureaucracy, expensive energy resources and falling demand for German cars are putting pressure on German exports, and at the moment Germany has lost its usual competitiveness in world markets. This was reported by the Handelsblatt newspaper on July 14, citing an analysis by the Bundesbank.

According to the newspaper, the weakness of exports, which began to fall in 2017 and accelerated in 2021, contributes to the crisis of the country's economy, which may lead to its decline or zero growth for the third year in a row.,

It is noted that without the loss of market share in exports, the German economy would have grown by 2.4% each year between 2021 and 2024. At the same time, the German economy is very dependent on exports. Thus, almost every fourth workplace in the country depends on it, the analysis notes.

To avoid further declines, the Bundesbank considers it necessary to strengthen production incentives and lower barriers to immigration of skilled workers. In addition, it is necessary to increase tax incentives for private investment, reduce energy costs and eliminate bureaucratic burdens.

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