Part 5/8:
Germany’s economic decline is not a new phenomenon but has accelerated sharply over the past few years, particularly due to the COVID-19 pandemic and geopolitical upheavals such as the Ukraine war. German per capita income is now significantly lagging behind that of the U.S., raising concerns about its overall economic health and competitiveness. The rise of Chinese competition, exacerbated by U.S. tariffs under previous administrations, has only aggravated the situation, pushing many German industries to the brink of crisis.