Germany's Economy Is Sputtering and Even Scholz Sounds Contrite - Bloomberg

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

The extent of Germany’s industrial decline will be revealed this week with three days of releases expected to show exports, factory orders and production in Europe’s biggest economy all fell in December. The combined data may confirm that output from the industrial base is now running at its lowest since the years after the global financial crisis (adjusting for the Covid years). In addition, consumers’ love affair with electric cars is fading, making the nation’s 15-million EV target hard to achieve. The climate and transformation fund faces a shortfall of as much as €10 billion next year, leaving green-energy projects in limbo. And, for the first time, Chancellor Olaf Scholz has admitted publicly that things aren’t going to plan.

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Germany's Economy Is Sputtering and Even Scholz Sounds Contrite - Bloomberg
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