Foreign trade in the crisis: Dr. Jandura warns of recession and government failure

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Der deutsche Außenhandel steht am Rande einer Rezession, wie Dr. Dirk Jandura, Präsident des BGA, auf einer Pressekonferenz berichtet. Wachstumsschwäche im EU-Binnenmarkt, Probleme mit China und die Unsicherheiten der US-Wahl belasten die Geschäftserwartungen. Laut einer aktuellen Umfrage erwarten viele Unternehmer keine positive Wende mehr und fordern von der Bundesregierung mutige Maßnahmen für einen freihändigen Handel. Erfahren Sie mehr über die Herausforderungen und Prognosen für die deutschen Exporte und Importe im Jahr 2024.
German foreign trade is on the verge of a recession, as Dr. Dirk Jandura, President of the BGA, reports at a press conference. Weakness of growth in the EU internal market, problems with China and the uncertainties of the US election burden the business expectations. According to a current survey, many entrepreneurs no longer expect a positive turn and demand courageous measures from the Federal Government for free -handed trade. Find out more about the challenges and forecasts for German exports and imports in 2024. (Symbolbild/MB)

The effects of the export crisis on the German economy

The latest developments in German foreign trade draw a worrying picture. Experts warn that the country, which is traditionally considered an export nation, could get into a deep economic crisis. This situation could have far -reaching consequences for society, especially for companies and their employees.

At a press conference of the Federal Association of Wholesale, Foreign Trade, Services (BGA), Dr. Dirk Jandura, the president of the association, his concern about the continuing challenges. "We are in a vice between global economic weakness on the one hand and domestic weakness on the other," said Jandura. This statement illustrates the precarious situation in which the German economy is located.

The corporate survey is particularly alarming, which shows that the business expectations of the company owners are among the already poor ratings. According to Jandura, the background in the European and international economy, including weak growth in the EU and worrying developments in China, have contributed to the pessimistic mood. "70 percent of the respondents believe that the current policy of the federal government is not expedient," he reported. This tense relationship between business and politics could trigger a negative cycle that could further tighten.

Another important point is the uncertainty regarding the US elections in November. Jandura emphasized that the EU must be prepared for every possible “America First” strategy. Regardless of who emerges as the winner, it is essential to develop common strategies in order to deal with the challenges that arise from the geopolitical situation. This also includes an honest examination of China to promote fair trade.

The forecasts for the coming years are dark: a further decrease in exports by 0.3 percent and imports by 2 percent is expected. These numbers show the urgency of a reaction to the current market conditions. "We are faced with the challenge of re -adjusting our export nation," summed up Jandura and demanded less bureaucracy, less economic stress and a stronger commitment to free trade.

Overall, the current crisis not only shows how vulnerable the German economic model is, but also raises the question of how society and politics have to interact with each other in order to address these challenges. The effects of a collapsing foreign trade could intervene deeply into people's reality of life, and it takes a clear course to stabilize the economic foundations.