The authors of a report said that the failure to protect industry from energy price spikes may turn into a ‘lost decade’ for Germany.The authors of a report said that the failure to protect industry from energy price spikes may turn into a ‘lost decade’ for Germany.
A failure to protect German industry from the energy price spike may turn the 2020s into “a lost decade for Germany” and further fuel the rise of the populist far-right Alternative für Deutschland , the authors warned. Their findings underline the extent to which Europe’s largest economy is still reeling from the February 2022 full-scale invasion of Ukraine. The International Monetary Fund forecast for German growth in 2024 and 2025 is that it will be lower than any comparable advanced economy save Argentina.
Source: Energy Industry News (energyindustrynews.net)
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