German economy faces stubborn stagnation: Deutsche Bundesbank
Germany is facing stubborn stagnation while many other countries are growing, and structural problems have a key role in this, the central bank said. Its president Joachim Nagel High said energy prices, the green transformation and demographic change are putting pressure on the export-oriented industry. Many enterprises are also bemoaning the large fiscal burden and rising bureaucratic hurdles.
Germany is facing stubborn stagnation while many other countries are growing, and structural problems have a key role in this, the central bank said.
Its president Joachim Nagel High said energy prices, the green transformation and demographic change are putting pressure on the export-oriented industry.
Many enterprises are also bemoaning the large fiscal burden and rising bureaucratic hurdles.
