Deutsche Bank CEO Warns Germany Risks Becoming 'Sick Man of Europe' Again Due to Structural Weaknesses

Germany has structural weaknesses hurting its economy and preventing it from reaching its potential, per Deutsche Bank CEO Christian Sewing.
Sewing said Germany will become the "sick man of Europe" if these issues aren't addressed immediately.
He listed high energy costs, poor infrastructure, lack of skilled workers, bureaucracy, and slow approval processes as problems.
The "sick man of Europe" label was first used for Germany in 1998 during post-reunification struggles.
Factors like manufacturing declines, disappointing China reopening, and high energy costs have contributed to Germany's recession.

cnbc.com

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Posted 9/20/2023, 10:29:10 AM