2024-03-31 08:55:20
The slow recovery of the German economy is not due to temporary difficulties, but to systemic problems, as Day.Az reports, Kommersant writes about this.
The energy crisis no longer has a serious impact on the state of Europe’s largest economy, the publication notes. Forecasts of a serious drop in industrial production in Germany were also not confirmed. A noticeable reduction is observed only in energy-intensive industries, whose contribution to GDP is estimated at only 4%.
The acceleration of inflation in the country also turned out to be short-term. The growth rate of consumer prices in Germany slowed to 2.5% per annum in February, which was the lowest figure since June 2021.
One of the main problems in Germany today is the reduction of the working-age population. The influx of migrants, which compensated for the shortage of personnel over the past decade, is gradually drying up.
In addition, Germany lags noticeably behind other European countries in terms of digitalization of public services, which significantly increases the administrative burden on local businesses.