Holger Zschaepitz
Good Morning from #Germany, which is in industrial decline. Since 2019, 245,000 manufacturing jobs have disappeared. Steel production is down 12%, and car output has plunged from 6mln vehicles in 2017 to just 4 mln today. Germany’s small and mid-sized comps now find themselves caught between China and the US – squeezed by US tariffs, cheap Chinese imports, and soaring energy costs. https://www.ft.com/content/bc18dfca-2120-43bc-b522-d48352b63457
