Germany is far from being on the threshold of an economic crisis of unknown magnitude and duration. My concern is: Germany is entering a structural crisis.
The consulting firm EY has published a list of the most dynamic companies on the stock exchange and compared their growth. Conclusion: The German companies are at the bottom of the list. Germany’s core industrial sectors - automobiles, machine tools - are industries from the Kaiser era. Do they have what it takes to compete with the hungry young digital companies from Silicon Valley or Shenzhen?