Economics

Made-in-Germany Growth Engine Falters as Firms Hit Supply Shocks

  • Siemens, BMW, others facing a stubborn dearth of components
  • Snarls, shortages to delay rebound in Europe’s largest economy
WATCH: The two chief concerns for German companies are supply bottlenecks and the ongoing pandemic, Ifo President Clemens Fuest said last week.Source: Bloomberg
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The engine of the German economy is turning into a brake in the face of a global supply crunch, threatening to derail the nation’s recovery.