international business News

Germany, once a global economic powerhouse, is now the worst-performing major developed economy. The country's economic decline can be attributed to external factors such as Russia's invasion of Ukraine and the loss of cheap natural gas, which has negatively impacted Germany's energy-intensive industries. Additionally, Germany is facing challenges such as high energy costs, government inaction on chronic problems, and a lack of digital technology adoption. The government is facing criticism for its energy policies and there is a growing need for urgent action to address the economic downturn.