According to over 84 percent of medium-sized companies, the economic situation in Germany has worsened or even worsened significantly in the past twelve months.
In a survey by the Federal Association of Medium-Sized Businesses (BVMW), around 43 percent of the medium-sized companies surveyed also stated that the situation of their own company had worsened. Around 40 percent also expect this for 2024.
“We are no longer just talking about a dip in the economy, but about a substantial, homemade crisis,” said the chairman of the BVMW federal management, Christoph Ahlhaus. Germany has become the bottom of the pack in Europe.
According to the survey, trust in the traffic light coalition is now only low. 70 percent of those surveyed do not trust the current federal government to solve the challenges and believe new elections are necessary. “The fact that the trust of top performers and managers in current politics is continuing to erode is an alarm signal that the Chancellor should not ignore,” said Ahlhaus.
