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FRANKFURT—Germany’s financial system hit the brakes on the finish of final yr because the export powerhouse was slammed by world supply-chain bottlenecks, surging materials costs and weak point in its largest buying and selling accomplice, China.
With its outsize dependence on world commerce and the important function it performs in world provide chains, the German financial system has emerged as a barometer for quite a few world points, together with rising power costs, the slowdown in China and supply-chain disruptions. Greater than that, German trade, particularly its big automobile sector, is grappling with each technological upheaval and fiercer competitors from Chinese language rivals.
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