Germany in ‘dramatic’ economic decline – leading think tank

GDP has stagnated for years amid falling private investment and rising state spending

Germany’s economic decline is becoming “dramatic” following years of flatlining GDP and failed attempts to reverse the situation, the head of the Munich-based ifo Institute, one of Europe’s leading economic think tanks, has warned.

A new study by the institute shows Germany’s economic output has stagnated since 2018. Government spending on pensions, schools, and infrastructure has jumped by 25% since 2015, and corporate investment in machinery and factories has fallen below 2015 levels.

According to Clemens Fuest, president of the ifo, the bleak state of the…

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