Nov 23, 2023
While many are enjoying a crispy turkey across the Atlantic today, plates in Germany will probably be pretty empty going forward. The judgement by the German Constitutional Court on the budget tricks made by the government was the last nail on the coffin for hopes of strong economic growth in 2024. Dependence on Russian energy, deglobalization with less exports to China and an economy driven by an industrial/automotive sector all explain this slowdown. Germany needs now strong measures to find back its competitiveness.