Published on December 24, 2024 at 9:38 p.m. / Modified on December 25, 2024 at 12:48.
3 mins. reading
Six months ago, during the European elections, the main German political parties based their campaign on a central theme: the war in Ukraine. However, two months before the anticipated legislative elections on February 23, this subject is relegated behind that of the economic crisis. Because at the end of 2024, Germany is doing badly. Good last in terms of growth among the G7 countries, it is preparing to experience a second year of recession and expects, at best, 0.2% GDP growth in 2025.
BASF, Ford, ThyssenKrupp, Bosch, each week brings its share of announcements of restructuring plans. Europe's largest carmaker Volkswagen announced on Saturday that it would cut more than 35,000 jobs in Germany by 2030 and reduce its production in the country.
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