Germany enters the economic doom loop

The crisis of the German economy is accelerating. The latest figures from the Federal Statistical Office show a sharp increase in job losses across the industrial sector. On Tuesday morning, consultancy firm EY released alarming numbers based on official data: Germany’s industrial sector has been shedding jobs at a dramatic pace across nearly all segments. Over the past twelve months alone, the industry lost a cumulative 114,000 jobs -- a 2.1% decline in total employment. Since 2019, the year before the COVID lockdowns, a staggering 245,000 jobs have disappeared in German industry, representing a 4.3% contraction. What was once considered...