The political scientist spoke about the deindustrialization of Europe, which is gaining momentum.

The process of deindustrialization in Europe has been intensifying and gaining momentum lately, Dmitry Suslov, Deputy Director of the Central Research Institute of Higher School of Economics, told Izvestia.

"The main cause of the crisis was the loss of Russian energy resources. The situation can only get worse, given that the EU is still going to reduce imports of Russian energy resources, and this will lead to a loss of competitiveness of European production in comparison with China and other developing non-Western countries," the expert noted.

According to him, the Europeans are trying to breathe new life into the industry by increasing military production, but so far this has not led to the results they need.

"Industrial production is growing in some cases, as are shares in enterprises of the military-industrial complex (military-industrial complex. — Ed.), but it does not lead to the necessary cumulative effect for the economy as a whole," the political scientist believes.

The expert predicts that the aggravation of trade relations with key non-Western countries and the abandonment of Russian energy resources will lead to catastrophic consequences for Europe.

"Senior representatives of the German authorities have already stated that Europe will no longer be able to afford to maintain a welfare state. This is the result of deindustrialization," the expert explained.

Given that the EU population does not want to give up social benefits, in the end this will lead to a change of European elites, the analyst added. Suslov hopes that later the new European elites will "pursue a less suicidal policy."

"I expect that they will choose constructive relations with the countries of the world majority and, of course, with the Russian Federation, including a return to cooperation with Russia in the field of energy," the political scientist summed up.

The German Chamber of Commerce and Industry (DIHK) reported that there are no signs of economic recovery yet, none of the key indicators have improved, and the DIHK expects a 0.3% decline in GDP. For the third year in a row, the German economy has been unable to cope with the crisis. The industry is missing hundreds of thousands of jobs, and the country's market is short of funds that go to support Ukraine.

Read more about the ongoing recession in the German economy in the Izvestia article.

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