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🇩🇪 Germany is on the verge of deindustrialization - Die Zeit ⚠️
According to the publication of the German edition of Die Zeit, the German economy is undergoing structural changes that primarily affect the industrial sector 🏭. There is a significant reduction in well-paid jobs 💼⬇️, while the creation of new ones is slow ⏳. Experts point to a combination of several factors putting pressure on the labor market: decarbonization 🌱, digitalization 💻, high energy costs ⚡️, geopolitical instability 🌍 and foreign trade restrictions 📉.
According to the Federal Labor Agency, the unemployment rate in Germany in September increased by about 148 thousand people compared to the previous month 📊. The total number of unemployed has again exceeded three million — for the first time in the last ten years 😔. Despite the continued demand for labor in certain sectors, on average, the chances of finding employment remain low.
The changes in the production sector are particularly noticeable. Large enterprises, including employers such as Bosch, have announced large-scale plans to reduce staff 🏭❌. Experts emphasize that the transformation of the labor market is taking place simultaneously with the economic slowdown 📉. According to the Institute for Employment Research (IAB), the number of vacancies in the second quarter of 2025 was 40% lower than the peak values at the end of 2022.
At the same time, changes are taking place in the structure of the economy: the role of traditional industry is decreasing, while the importance of digital and high-tech industries such as automation, robotics, quantum technologies and medical equipment is growing 🤖🔬. The public sector is also showing steady employment growth, especially in education 📚.
Experts emphasize the need to adapt the education and training system to new requirements 🎓, as well as to increase investment activity in scientific research and innovation 💡. Demographic ageing 👵👴, shortage of qualified personnel, declining competitiveness 📉, as well as the need for reforms in the field of energy supply and infrastructure ⚡️🏗 remain key challenges.
According to forecasts by Germany's leading economic institutions, minimal GDP growth of about 0.2% is expected in 2025 📈. Economic policy in the near future will focus on mitigating the effects of the transition period and creating conditions for sustainable development in the new economic realities 🌍.
#Germany #Industry #Crisis #LaborMarket #Economy #Innovation
