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Germany is the ‘sick man of Europe’ — and it’s causing a shift to the right, top economist says

Germany is being called the "sick man of Europe" once again as its manufacturing output falters and it faces high Energy Prices. This could benefit right-wing parties, according to Hans-Werner Sinn, president emeritus at the Ifo institute. Germany's reliance on the automobile industry, which has been struggling, and doubts about the feasibility of its sustainability goals contribute to its current challenges. The country briefly had a foreign trade deficit in May 2022 but has since returned to a surplus. However, there are concerns that uncertainty about energy prices could lead to companies moving operations elsewhere. This shift towards sustainability has also led to growing public disenchantment and a shift to the right in German politics.

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Germany is the ‘sick man of Europe’ — and it’s causing a shift to the right, top economist says

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