Germany is “losing more and more ground” – investors distrust as a business location. The German economy remains less optimistic than the opinion of private consumers.
The war in Ukraine could play a role, as could the weak economic situation, which is also reflected in the forecasts of low economic growth. Some industries are hit particularly hard by developments in Germany. It is primarily the automotive and chemical industries that are becoming increasingly independent of Germany as a location and could relocate their businesses. There is a great danger that chemical companies will relocate or shut down their business.