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Germany's Economic Crisis: Can the Country Recover from Its Broken Model?

2025-01-27
Germany's Economic Crisis: Can the Country Recover from Its Broken Model?
The Wall Street Journal

Germany's economic model is facing a significant crisis, with cities like Ingolstadt, home to carmaker Audi, struggling to stay afloat. Mayor Christian Scharpf is searching for ways to save nearly €100 million, highlighting the need for a new plan. As the country's second-richest city, Ingolstadt's financial woes are a microcosm of Germany's broader economic challenges. With the automotive industry, a key sector, facing significant disruptions, Germany's economic future looks uncertain. Can the country find a way to recover from its broken model and get back on track? The search for a solution is underway, with economic experts and policymakers exploring new strategies for growth and development, including digital transformation and sustainable energy

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