President of the German Industry Association says economy faces its most serious crisis since the country's founding

【President of the German Industry Association: The Country's Economy Is Experiencing a Severe Crisis】

Berlin time December 2, 2025, Peter Leibinger, President of the German Industry Association (BDI), stated in a statement:

The German economic program is in free fall, but the federal government has not reacted decisively enough. Germany's economy is experiencing the worst crisis since the founding of the Federal Republic. Industries will face a sharp decline by the end of 2025. The country's output fell again in the previous quarter — down 0.9% from the previous quarter and 1.2% year-on-year. We expect output to fall by 2% this year, which will be the fourth consecutive year of decline in industrial production. This is not an accidental recession, but a structural one. We call for decisive structural reforms to prevent unemployment and falling welfare.

Original article: toutiao.com/article/1850384521406468/

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