German industry looks for a comeback in 2024 | DW Business
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- čas přidán 6. 06. 2024
- Expensive energy and high borrowing costs made last year a challenge for many heavy industries in Germany, including steel, chemicals, and glass. Salzgitter CEO Gunnar Groebler says his firm, Germany’s second-largest steel manufacturer, managed to weather the storm and is hoping for a more positive 2024.
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By the end of 2023 German GDP was expected to grow by 1.3% in 2024. In the past month this was already revised down to 0.2%. Now this is the new piece of hope from the media. Let's see how many months it takes before we see this forecast also being changed.
Because they are spending too much money to sort out its energy problem. But this wont continue for long
@@solmak47 Please feel free to include any research you have access to which conclusively proves that the energy bills will go down along with the potential timeline during which this will happen.
@@desinihilist5916 well you have google use it to search how many billions of dollars the new LNG terminals cost to Germany. Also google how many more billions of dollars they are spending every year to move to green energy faster. For them it’s their number 1 priority to sort out their energy dependence. Once this happens also guess the outcome. And when you finish this come and talk to me again.
When you say, 'could be, could happen, may be, may happen...etc. " you know that's not reality, but imagination.
Obviously you have no idea how economists make predictions and how they talk
No way. Game over.
Won't happen all things is expensive while products in other countries cheaper, better, more supply
survey says... no it won't
Thank you, Russian bot. But just watch Germany lead European industry again.
This video was a great puff piece for this German company.
What happened at Tesla mega factory is a good indication of “come back”?
God bless ❤and happy.
😢 me looking for a job for six months, some Arbeitgeber (employer) said to me , we cant hire you because of a finacial reasons (aus finaziale Grunde)😢
I have family to feed, finding a new job is hard nowadays in germany
Covid crisis was far more worse. (-4%)
Salzgitter just invested 2.4 bn. in new steel production lines for production with hydrogenium by 2025.
Deduction from this special situation to german economy is so DW.
I too am looking forward to dating Heidi Klum this 2024.
It's going down down down.
Let Ursula go. Maybe there's still a chance
10 more rubles won, keep going
It will be tough.
No cheap Russian oil and gas.
How can EU business be competitive
China have cheap Russian oil and gas …..big local market….competitive wages …..hard working workers.
Sustainable supply chain legislation was just passed by the EU. Meaning things produced with gas, coal, oil will be CO2 taxed. That makes Sweden, Finland, Norway extremely competitive which is why so many battery factories are popping up there. Northvolt, MORROW Energy, Freyr Energy and so on.
Yeah? The U.S. has cheap American oil and gas and isnt dependent on anyone.
@@agemmm Batteries themselves do not generate electricity. It's fossil fuels or uranium, sunshine, waters, and wind that give us power.
@akattau Exactly. Which is why Sweden, Norway and Finland have an advatage. Their batteries will be produced with low carbon electricity meaning they will pay less CO2 taxes.
@@agemmmand china russia don't those taxes so that's only bad for those countries with big taxes
DW News drops new video. Russian bots be like 🏃💻 "Germany failed state", "sanctions backfired"
They have a alarm for news channels. That's why so many negative comments 1 min after publication)))
Russia fears Germany. The kremlin never gets over the fact that Germany bought them out of bancruptcy in 1990! @@ironman8257
If all the "experts" on advanced steel manufacturing in Europe who miraculously appeared in the commentsection would actually work in proper jobs in manufacturing the "SuPeR StRoNg rUsSiAn EcOnEmY" they describe, would actually a reality...
Or I can simply not see the benefits of living in a EcOnEmY that is basically a giant gas-station/ammunition dumb and more shell companies than the average russian matrojka doll to import all the precision tools and electronic components the famous Russian economy is not able to produce by itself.
*Germany is failed state* .. I am Ahmed citizen of UAE 🇦🇪
@ahmedalsharman I thought Germany is country.
No comeback for germany as a whole, earlier than 2025, when we finally vote the green party out of the government once and for all!
He must be on a huge salary to embarrass himself like that
How so?
@@enigmaticzigfried7557 really bad numbers but the CEO needs to say good things
@@cas123cas456cas789you decided that this is how it is?
@@enigmaticzigfried7557 Due to the price of energy it’s simply not economically viable
@@jasonjohnson3393 isn't such a verdict somewhat premature? Germany is forced to rectify its decades-long reliance on cheap Russian energy imports by diversifying, e.g. via LNG's and renewables, which will take some time. Also, I would expect a corporation like Salzgitter, earning EUR 10 bn per year, to be somewhat adaptable to a changing and challenging market environment.
Congratulations Germans, you've sanctioned yourself into a recession.
Should they just look away while Russian Imperialism invades Georgia, Ukraine, soon Moldova, Estonia etc.?
More like the US did the job
@@DarkSpore97 Germans elected Sholtz who looked at the ground when Biden said about Nordstream "we will end it".
The fact that there so many comments from non EU people here its killing me 😂
I'm sorry DW, every single forecast for German industry is bleak. It will not get any better in 2024
In short: sanctions take time to work.
Yep, Germany has sanctioned itself into a recession
They don’t work when the dollar is useless 🎉🎉🎉
Comeback in 2024? Well, in november 2023 the media was saing it was broken... so, the only thing realy bronken are the news.
Gunnar tries to mask the stench of disastrous economic policies. Hiding the mess under the carpet will make things worse, not better🤣🤣🤣🤣
You’ve earned yourself 10 rubles, good on you
@@efrosvovelu9076 whay rubles ?🤣🤣🤣whay not deutche mark 🤣🤣🤣🤣
Dw is not the reason to believe
Germans are very pragmatic people. Except for the ridiculous ones. The nightmare is just beginning.
And who are ridiculous ones??
This is some sort of German joke, one often hears in a beer garden.
What exactly?
Europe people are going into war now so there are a foreseeable downward GDP
😅😂
Hhhhmmmmm……..
LoL
Comeback with what energy?
Norway 🇳🇴 energy Netherlands 🇳🇱 local one’s, some Africa, Qatar…
the best thing I heard this year
In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So this year, they will just publish a 5% growth regardless of their economy.
Do you know what is nominal GDP? What is real GDP?
@@user-bd7oq3yx2kIt has stagnated at around 17T, however PPP is still growing steadily.
You can use IMF World Economic Outlook Datamapper to see and compare.
Their access to cheap energy will still net positivr for them.
RIP Deutschland
Totgesagte leben länger. (Altes Sprichwort)
Those who were declared dead live longer. (German saying)
Rip your brain
вся ваша промышленность завязанная на энергоемких ресурсах уедет в Америку а если РФ не продлит договор то будет совсем жопа
*Comeback to 1929 depression and hyperinflation 😂*
Inflation in Germany is down to about 3%. Have a look at what is happening in Russia that is facing a serious labour shortage and import restrictions.
Germans could make Ukraine some great drones! Rest of world now will want some too!
We do! And they have already been delivered to Ukraine.
Mr Putin is a boss 🇮🇳🇷🇺🙆🙆😎all indian love you mr Putin
Find it hard to believe, out of 1.4 billion people someone must be smarter than you.
Germany is a failed lost state
you're thinking of austria, common mistake ;)
Third biggest economy on the planet.
You are correct in that respect but it's economy is shrinking and all major companies are moving out of the country. In addition, its industrial products and auto are facing tough competitions from overseas especially from China.@@hape3862
@@kwokfung5644🙄
Please look up for Wolfspeed, a US company which is building a gigafactory for semi conductors at the Federal State of Saarland
Infenion near Dresden
Bosch near Dresden
TSMC (Taiwanese company which will build a gigafactory for micro chips)at Silicon Saxony near Dresden
Intel near Magdeburg
Northvolt near Hamburg
Ford near Cologne
VW is building 3 gigafactories for EVs batteries, one at Lower Saxony/Germany, one in Sweden in cooperation with Northvolt and one in Spain or Portugal
Microsoft will build a data center for AI in North Rhine Westphalia until 2026
So you think, that all these companies are closing their companies in their countries of origin, because they're building gigafactories in other countries/Germany? 😂
Yeahhh, sure... 😂
@@hape3862😂😂😂😂
You call economy virtual transactions of imaginary money?