Deutsche Bank Ceo, Christian Sewing, warns that Germany will become the "sick man of Europe" if it does not address its structural issues. He highlights the changing role of banks in the current macroeconomic climate and calls for them to take on the responsibility of risk management and advising. Sewing also lists other challenges contributing to Germany's economic struggles, including high energy costs, slow internet connections, outdated rail networks, digitalization backlogs, a lack of skilled workers, excessive bureaucracy, and long approval procedures. Germany fell into a technical recession in Q1 2023, and further shrinkage is forecasted by institutions including the central bank and the IMF.

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