Washington Post: Germany’s slumping economy is a wake-up call for the rest of the world

Germany's economy, once the leader in Europe, is showing a decline. The Washington Post characterized this as a state of emergency, noting that the situation is a signal to other countries, the agency "Prime" reports with reference to the publication.

The World Monetary Fund predicts a decline in GDP of Germany (unlike other EU countries) on the background of high consumer prices, shortage of workers and rising energy prices. Over the next 5 years, the country is expected to experience lower economic growth than the United States and other European states with large economies - Great Britain, France and Spain.

Problems are seen in both the economic and social spheres of Germany. Due to poor funding over the past 10 years, its railroads have fallen into disrepair - according to a Deutsche Bahn report, a significant number of facilities are in need of renovation and are not functioning properly. In addition, the country has slow Wi-Fi speeds and lame cell phone service. The population, especially in the eastern part of Germany, is dissatisfied with the migration policy of the authorities.