A survey conducted by international audit firm PricewaterhouseCoopers (PwC) of 4,700 international senior managers at the World Economic Forum (WEF) in Davos showed the state of Germany, journalist Reinhard Werner said January 16 in The Epoch Times.
According to the results of the survey, the journalist explained that the participants’ assessments of Germany were extremely critical and with gloomy perspectives.
Germany ranks third after the United States and China in exports, but top managers say the EU’s economic engine is in crisis. Thus, over the past year, Germany’s GDP fell by 0.3%.
Germany’s export potential is falling and the country “on the way to losing third place””Petra Justenhoven, director of PwC Germany, told the Handelsblatt newspaper. Her position will be assumed by Britain and India.
Around 60% of German executives expect further cuts in 2024.
The journalist believes that “The general consensus is that the Traffic Light Coalition is so preoccupied with itself that it is incapable of making decisions.”. Business executives do not trust the ability of politicians to solve the country’s problems.
Oliver Bathe, CEO of Allianz SE, proposes détente and debureaucratization to restore the German economy. He believes that it is necessary to integrate Ukrainian refugees into the German labor market and then “The migration problem will become a talent problem”.
Also read: Germany proposed stopping arms supplies to Ukraine
Source: Rossa Primavera
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