Could Germany be in trouble in 2023-2024?
Is there cause for concern about the state of the German economy in 2023, 2024 and beyond? Indeed, the barriers seem to be mounting: The rapid increase in labour costs, reversing the trend from the early 2000s. It could be amplified by hiring difficulties and a possible increase in the minimum wage; The slowdown in the Chinese economy, which will hurt Germany as a highly export-dependent economy; The considerable cost of the energy transition in Germany, given the very significant weight of fossil fuels and the automotive industry; Infrastructure and digitalisation shortfalls; Declining education system performance.