The Silent Crisis in the German Chemical Industry

While attention is focused on the crisis of German car manufacturers, the head of a German company warns of a less noisy but potentially more dangerous downturn: chemical plants shutting down and not returning to operation, declining investments, and thousands of jobs disappearing. The reasons for this are manifold, including rising energy prices, stricter environmental regulations, and increasing global competition. If these trends continue, the German chemical industry, once considered the backbone of the economy, could face a serious crisis that threatens not only the industry itself but also the entire German economy.