Bad Marienberg, Germany – The German export-oriented economy used to be a reliable driver of getting Europe out of recession. Now, with the continent emerging from an epidemic slumber, Germany is falling behind.
German manufacturers are struggling to produce cars and factory equipment due to a shortage of parts and labour. They are facing soaring energy prices, which has driven electricity bills to even higher levels. They must invest hundreds of billions of dollars over the coming years to meet the new clean energy standards.