Following a series of several negative economic indicators as well as some significant difficulties facing several of the nation’s larger corporates, Germans are increasingly concerned over the state of the domestic economy, and consequently over the situation in the labor market. Even if the outlook for the labor market is positive, experts expect that the rate of jobs creations, which has been particularly buoyant in recent years, will slow down.
A recent spate of weaker economic indicators and negative news from several of the country’s industry flagships evidences a process that started in the autumn of 2019; i.e. the first period in recent years during which European growth has slowed. Published on 16 July, the ZEW barometer, which compiles financial analysts economic expectations, showed a significant decrease to reach its lowest level in 9 years. On Friday 12 July, auto-giant Daimler’s marked quarterly losses spread anxiety across
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