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Germany not doing enough to halt economic 'free fall', says industry body
Germany's government must do more to save industry from the country's economic "free fall", said the BDI sector association on Tuesday, as it slashed its production forecast for the year. Europe's largest economy contracted in 2023 and 2024, and it is expected to grow only slightly, by 0.2%, this year as higher investments are set to take hold only from next year. German Chancellor Friedrich Merz, who came to power promising a rapid turnaround for German industry, secured approval in March for a 500 billion euro ($580.20 billion) special fund to spend on infrastructure. "Germany, as an economic location, is ... (full story)