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How Russia, China, and the 'debt brake' are keeping Germany's economy stuck in the slow lane as voters go to the polls

Germany has the world's third-largest economy, but is struggling to kickstart growth. It's one of the issues facing voters in Sunday's elections.
The article from MSN discusses the economic challenges facing Germany as it heads into elections, highlighting several key factors contributing to its economic slowdown. Firstly, Germany's economy is being hampered by a combination of global and domestic issues: the ongoing war in Ukraine has led to increased energy costs due to sanctions on Russian gas, while China's economic slowdown affects German exports. Additionally, Germany's own "debt brake" policy, which limits public borrowing, restricts the government's ability to invest in infrastructure and stimulate economic growth. This policy, enshrined in the German constitution, has been criticized for being too restrictive during times of economic need. The article also notes that despite these challenges, Germany's unemployment remains low, but there's a growing concern about the lack of investment in future technologies and infrastructure, which could further stagnate growth. As voters go to the polls, these economic issues are at the forefront, influencing political debates on how to balance fiscal responsibility with the need for economic stimulus.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/how-russia-china-and-the-debt-brake-are-keeping-germany-s-economy-stuck-in-the-slow-lane-as-voters-go-to-the-polls/ar-AA1zyVea ]