Bloomberg has published a forecast for industrial production of Germany, which tends to reduce due to a number of factors, including competition from the US , reducing interest in German goods in China and lack of supply of cheap Russian gas.
According to the agency, the volume of industrial production in Germany has a tendency to decline since 2017, and this decline is increased as a result of loss of competitiveness. Journalists point out that "the foundations of the German industrial machine have fallen as a domino", in particular through competition from the United States for climatic investments and reducing China's as a large buyer of German goods.
One of the key factors that adversely affect German industrial production is the lack of large amounts of cheap gas. This is a strong blow to numerous manufacturers in heavy industry.
Among other causes of this state of affairs, they indicate "political paralysis", which has been covered by Berlin, which exacerbates the internal problems of the federal Republic of Germany - outdated infrastructure, labor aging and bureaucracy.
This forecast was a reason to further discuss the prospects of the German industrial sector and the need to take measures to support and stimulate economic growth in the country.
