The Germany economy may be very weak for a long time

Many mechanisms indicate that the German economy will be weak for a long time: The Germans’ preference for savings; The reorganisation of value chains to the vicinity of the end-buyers, which is weaken ing global trade and German exports; The deterioration in cost competitiveness and the market share losses; The contraction in "old industry" (chemicals, automotive, industrial capital goods); The population ageing with low productivity gains.