The COVID-19 pandemic, the war in Ukraine, and the energy crisis significantly impacted the German economy, leading to a recession and diminished investment. In 2024, Germany's investment ratio is projected to be lower than any other OECD member country. However, optimism is emerging, as 61 leading corporations plan to invest 631 billion euros over the next three years. Major corporations, including Siemens, aim to enhance competitiveness and technological leadership through investments in factories and research and development. This initiative is called "Made for Germany," symbolizing a commitment to restoring economic health.
The COVID-19 pandemic, the war in Ukraine, and the energy crisis have impacted the export-oriented German economy, leading to a lasting recession and declining optimism.
61 leading corporations, including Siemens, want to invest 631 billion euros in Germany over the next three years, focusing on factories and R&D to boost competitiveness.
The initiative "Made for Germany" aims to restore growth and defend Germany's technological leadership, directly addressing the lower investment ratio recorded by the OECD.
Chancellor Friedrich Merz and business leaders are optimistic about the future, as the collaboration among 61 corporations could reshape the economic landscape.
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