Germany’s Economic Woes Spark Debate Over Debt Brake Policy

The country has been hit hard by the loss of affordable Russian gas, historic car plant closures, and fierce competition from cheap Chinese electric vehicles.
Germany’s Economic Woes Spark Debate Over Debt Brake Policy
A steel worker of ThyssenKrupp stands amid sparks of molten iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, on Nov. 14, 2022. Wolfgang Rattay/Reuters
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Germany, Europe’s largest economy, known for its skilled labor force and high-end exports, faces significant hurdles, prompting renewed debate over its constitutionally enshrined debt brake.

Now in its second year of economic contraction, the country has been struggling with the loss of affordable Russian gas, historic Volkswagen plant closures, and fierce competition from cheaper Chinese electric vehicles.

Owen Evans
Owen Evans
Author
Owen Evans is a UK-based journalist covering a wide range of national stories, with a particular interest in civil liberties and free speech.