Germany Is Losing Its Mojo. Finding It Again Won't Be Easy.

Advertisement "Germany will bounce back, but it suffers from two longer-term ailments: above all its failure to transform an old-industry system into a knowledge economy, and an irrational energy policy", Joffe said. Germany will be the world's only major economy to contract in 2023, with even sanctioned Russia experiencing growth, according to the International Monetary Fund. Germany Is Losing Its Mojo. Advertisement BioNTech, a lauded biotech firm that developed the Covid-19 vaccine produced in partnership with Pfizer, recently decided to move some research and clinical-trial activities to the U.K. because of Germany's restrictive rules on data protection. [Extracted from the article]