Part 3/8:
Concurrently, Germany's trade deficit with China began to widen, as German exports experienced a decline in favor of increased imports, indicating that China's need for German goods was tapering off. An added layer of complexity is that while the rest of the world surged into the digital age, Germany remained hesitant to fully embrace technological advancements. This reluctance began to backfire, contributing to an economic crisis that led to significant job losses and bankrupted many firms, particularly in the automotive sector.