German industry’s competitiveness hit a record low in October, with 36.6 per cent of firms reporting weaker positions outside the EU and 21.5 per cent within, according to the ifo Institute.
Energy-intensive sectors such as chemicals saw the sharpest declines.
Without fundamental reforms, Germany risks falling further behind, warned Klaus Wohlrabe.
Energy-intensive sectors such as chemicals saw the sharpest declines.
Without fundamental reforms, Germany risks falling further behind, warned Klaus Wohlrabe.
