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Analysts at ING suggest that some dark clouds have appeared in the German economic sky.

Key Quotes

“The increased protectionist drive would definitely hurt the self-proclaimed export world champion, and Italian politics and the continuing migration crisis could slow down the current euphoria. And then there are longer-term challenges such as ageing and digitalisation.”

“Complacency is not an option. The German economy needs new investments and structural reforms. Improving the digital infrastructure is urgently needed as digitalisation is key.”

“While Germany has a digital agenda for 2025 – a lot needs to be done to become a real forerunner.”