Everything Has Been Lost for Germany! Massive Layoffs and the Onset of a Lifetime Economic Crash" https://www.youtube.com/watch?v=3oKvs2mGmDA Nov 29, 2023 Everything Has Been Lost for Germany! Massive Layoffs and the Onset of a Lifetime Economic Crash"
Internal issues include an aging population, an old-fashioned industrial model, and recent data showing a decline in manufacturing, with industrial production dropping for five consecutive months.
Germany's energy policies, such as phasing out coal and nuclear energy, have led to high energy prices, impacting the economy. Major companies, including pharmaceutical and automotive players, are making significant job cuts due to economic problems.
The challenges faced by the German car industry, including competition from Chinese electric cars, Biden's incentives for low carbon manufacturing in the U.S., and issues with paperwork, expensive electricity, and declining orders, have prompted many companies to consider investing elsewhere, potentially leading to a technical recession and a disruptive court decision on government spending.