German big business calls for early vote, economic vision
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German businesses demand early elections to restore political stability; Chancellor Olaf Scholz's coalition imploded on November 7, 2024; Industry groups BDI and VDA call for a new government urgently; Economic challenges include high energy prices, competition from China, and slow growth; Volkswagen threatens plant closures and job cuts; Germany's economy expected to shrink for a second consecutive year; Political turmoil exacerbates economic malaise; BDI president Siegfried Russwurm warns of damage to Germany's business attractiveness; Germany ranks 24th in global competitiveness, down from 6th in 2014; Scholz aims for snap elections likely in March 2025; Economists suggest government collapse could be a 'blessing' for new policy direction.

#Germany #Economy #Politics #Business #Elections #Scholz #Volkswagen #Competitiveness #EnergyPrices #China

https://www.legit.ng/business-economy/economy/1623888-german-big-business-calls-early-vote-economic-vision/