Germany's Economy Is Broken. There's No Plan B.

德国经济已陷入困境。别无他法。

The Journal.

新闻

2025-02-22

20 分钟
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For decades, Germany has relied on manufacturing and exports – a model that made it the world’s third largest economy. But that model is breaking down, and the country’s leaders are offering few alternatives in the upcoming election. WSJ’s Tom Fairless and Bertrand Benoit discuss Germany’s downturn and what can be done about it. Further Reading:  - Germany’s Economic Model Is Broken, and No One Has a Plan B  - Why Germany’s Confidence Is Shattered and Its Economy Is Kaput  Further Listening:  - Trump 2.0: Shaking Up Europe  - Germany’s Difficult Breakup with Russian Energy  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • For decades, Germany has been known as the king of luxury cars, the soul of BMW.

  • Where will you find it?

  • At Mercedes Benz?

  • We've always been a. It's a funny thing about a Porsche.

  • There's the moment, you know, this is Audi.

  • These luxury cars are at the heart of Germany's economy, which is the third largest in the world.

  • Over decades,

  • Germany developed an economic model based on manufacturing and exporting products like these.

  • And it turned the country into a global powerhouse.

  • But that model, which has been so effective for years, is on the verge of falling apart.

  • Our colleague Tom Fairless covers the German economy.

  • The business model that Germany has used to get rich

  • since World War II was based on exporting to the world.

  • And that model has broken down since 2018.

  • There's really been a steady downward trend in manufacturing

  • and the economy now on the back of that has contracted for two years in a row.

  • And no one really seems to know what to do next.

  • Unless there's a turnaround, the fallout will reach far beyond the country's borders.

  • It's central to Europe's economy and especially to Europe's big manufacturing sector.

  • And it's deeply intertwined with other countries like Italy