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The industrial sector in Germany is facing a significant decline, losing around 15,000 jobs each month. This downturn is the most severe since the founding of the Federal Republic of Germany. The German Industrial Union attributes the crisis to rising energy costs and high taxes, along with bureaucracy, distortions in the Chinese market, and challenges stemming from American trade policies, all of which exert significant pressure on the competitiveness of German industry. However, the union emphasized that this decline can be halted if competitiveness is improved and conducive investment conditions are provided, especially given the opportunities offered by digital transformation and artificial intelligence, which can boost production and generate new data and expertise.
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