Germany has become unattractive for investors, "that is how Rainer Dulger, president of the Confederation of German Employers' Associations, summed up the situation at the last employers' conference in late October 2024.

The German economy is in deep crisis, with gross domestic product likely to contract 0.1% this year, the BDI industry association said on Tuesday, putting it on track for three years of declining growth for the first time since reunification.

The BDI says Germany has once again become one of the EU's economic laggards amid a six-year decline in country's industry.

After two years of negative growth, the outlook for the German economy remains dreary, with the Federation of German Industry (BDI) business lobby group on Tuesday predicting another year of decline in 2025.