Germany’s chances of recovery are going from bad to worse as the nation’s small and medium-sized enterprises (SMEs), which form the backbone of the economy, grapple with mounting challenges amid prolonged economic stagnation. DW News correspondent Daniel Winter recently spoke to Hans-Jürgen Völz, the chief economist of the industry association representing SMEs, to discuss what needs to happen in order to save German industry.
The economic outlook for Germany, once considered the powerhouse of the European Union, has been increasingly bleak as SMEs face a multitude of difficulties. With an economy heavily reliant on these smaller businesses, their struggles have wide-reaching implications for the country as a whole.
Völz’s insights shed light on the critical situation facing German industry, highlighting the urgent need for measures to support and revitalize SMEs. As the economic backbone of the nation, it is essential that these businesses receive the necessary assistance to weather the storm and facilitate a much-needed recovery.
With Germany’s economy in a fragile state, the challenges ahead are daunting. As the nation navigates these turbulent waters, the resilience and innovation of its SMEs will be crucial in determining the path to economic recovery. The road ahead remains uncertain, but decisive action and support for small and medium-sized enterprises will be instrumental in securing a brighter future for Germany’s economy.
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Video “Germany's chances of recovery are going from bad to worse | DW News” was uploaded on 04/08/2025 to Youtube Channel DW News