Here's why fixing Germany's economy a critical task for country's next govt

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Here's why fixing Germany's economy a critical task for country's next govt - Business Standard

Quick Summary:

Multiple factors conspired to take Germany from industrial powerhouse to post-pandemic straggler: too much bureaucracy, a shortage of skilled workers, slow deployment of technology and a lack of clear direction from the outgoing coalition government are among them.

The old one, fuelled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europe's biggest economy mired in stagnation and angst about the future.

Delivering that fresh growth strategy is going to be the biggest challenge for the government that takes office after a national election set for Feb.23, seven months ahead of schedule.