Germany's Economic Challenges Highlighted as Italy's Growth Fades
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#c893ac10 ver:0.08
German factory orders rebounded partially in August, a sign that the country’s crucial manufacturing sector may be stabilizing as it suffers from a global economic slowdown and higher interest rates . Demand increased 3.9%, surpassing economists' expectations. Germany’s economy, which has been the euro zone’s weakest link, is projected to shrink this year due to waning demand for goods and services. In August, exports dropped by 1.2%, more than anticipated. German manufacturers are also grappling with challenges such as the war in Ukraine, an aging workforce, and dependence on China. However, there is an opportunity for the German economy to regain its technological leadership through the green transition. The country's long-term potential growth will depend on how it addresses its structu...
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