Global shortages cloud outlook for powerhouse Germany - NewsBreak
By Flemming in Business
Updated 3 years ago
Global shortages in industrial components and raw materials are weighing on Germany's export-driven economy, threatening to brake the recovery from the coronavirus pandemic. Besides shortages in materials, the surge was driven by one-off tax effects related to the pandemic, as well as sharp rises in energy prices -- a phenomenon seen across Europe -- which rose by 14.3 percent.