🇩🇪🇪🇺⚡️- German economists interpret the announcement as a worrying sign that the country's economy is heading into a death spiral.
Manufacturing accounts for nearly 20% of Germany's GDP, well above the 15% average across other EU nations.
Germany generates nearly a third of all European manufacturing, with the automotive industry making up the largest part of this sector. Since the first Q1 2026, the German manufacturing industry has been bleeding an average of 13,500 jobs per month.
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Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸 🇩🇪⚡️- Volkswagen plans to fire another 50,000 workers between 2031 and 2034. This announcement comes months after a first decision to fire 50,000 workers by 2030. The company explained they have been forced to double that number to due rising economic pressure…
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