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Germany’s very export dependent uh Germany’s very industry dependent and um like Volkswagen many other companies have missed out on the transformation and for Volkswagen that means specifically um they have not managed to make the transition to uh electric cars they’re falling behind uh they have had very high profits in the past very successful now they’re suffering from uh hangover if you wish um and this is not just the automotive sector it’s Machinery it’s the pharmaceutical the chemical sector uh this is quite a problem many have Germany’s biggest problem is not short-term it’s structural it’s longterm um so we expect in our forecast a stag stagnation maybe for another year and then a gradual recovery so it will take some time and uh that’s frustrating for companies for for the government to hear but that’s part of the truth uh will require some resilience and uh continued investment for the next 5 years and then hopefully over that period Germany of the German economy will manage the transition as EU car companies struggle with the phasing out of combustion engines and a transition to electric vehicles before 2035 experts are predicting that thousands more jobs may be cut across different sectors over the next couple of years with the German economy largely dependent on the car industry these Mass layoffs may lead to an increase in disillusionment and play into the hands of the far right this could have a major impact on next year’s Federal elections livad in Berlin for Euro News
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Essas sanções contra a Rússia são terríveis.