Back to today’s briefing

Story perspectives

Germany Faces Economic Crisis: Urgent Reform Calls Rise

1/29/2025

43 10

Summary

Story summary

Germany's economy is in crisis, with GDP expected to shrink by 0.1% for three years, according to BDI President Peter Leibinger.
High energy costs, rising interest rates, and long-standing industrial weaknesses are key challenges.
The auto industry is particularly affected, leading to urgent calls for reforms and public investment.
Businesses are advocating for reduced bureaucracy and lower taxes, planning a nationwide action on January 29.

1 of 1

Story summary

Germany's economy is in crisis, with GDP expected to shrink by 0.1% for three years, according to BDI President Peter Leibinger.
High energy costs, rising interest rates, and long-standing industrial weaknesses are key challenges.
The auto industry is particularly affected, leading to urgent calls for reforms and public investment.
Businesses are advocating for reduced bureaucracy and lower taxes, planning a nationwide action on January 29.