The Great German Exodus: A Tale of Two Trends As Germany's economy faces high costs and sluggish growth, some business leaders are weighing the pros and cons of staying put or relocating abroad.
Companies like Gardena have announced plans to cut 250 jobs in Germany and partially relocate operations to the Czech Republic, joining a growing number of German firms that have abandoned their domestic market.
However, research from KfW's department reveals a different story: many medium sized companies are withdrawing from international business altogether due to geopolitical tensions, growing export competition from China, and protectionist trade policies in the United States.