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Europe's Growth Engine Is Broken

(2024-04-15 15:21:58) 下一個

Europe's Growth Engine Is Broken

https://www.wsj.com/world/europe/europes-growth-engine-is-broken-38e1d91c

Germany's economy shrank last year and new challenges point to more pain ahead

Germany’s car production is more than 25% below its mid 2010s level, according to an auto industry lobby group. PHOTO: KRISZTIAN BOCSI/BLOOMBERG NEWS

Germany is stuck in a rut, and there is no quick way out.

The European powerhouse’s economy, the largest on the continent and the world’s fourth biggest, shrank last year, extending a six-year slump that is raising fears of deindustrialization and sapping support for governments across the region.

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