Tag #Industrial Transition

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Saxony's Economy to Contract in 2024 Due to Automotive Crisis

Saxony's economy is projected to contract by 0.5 percent in 2024, underperforming East Germany (0.3 percent growth) and Germany (-0.1 percent), mainly due to the automotive industry's crisis impacting Volkswagen's 10,000+ Saxon employees and causing wider industrial decline (2.4 percent vs East Germ...

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