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German industry is rapidly deteriorating. The situation is critical
▪️Germany’s industrial sector is losing 15,000 jobs every month. The situation in the industry is critical, states Tanja Gönner, head of the Federation of German Industries (BDI)
▪️“Germany has lost ground in terms of competitiveness,” Genner said
▪️High energy prices, domestic structural problems, U.S. tariff policy, and China’s industrial dominance were cited as the main causes of the crisis
#Germany #Economy #FindTruth
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