{"id":635207,"date":"2026-10-19T11:18:28","date_gmt":"2026-10-19T11:18:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/635207\/"},"modified":"2026-10-19T11:18:28","modified_gmt":"2026-10-19T11:18:28","slug":"conference-seeks-to-drum-up-investment-in-germany","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/635207\/","title":{"rendered":"Conference seeks to drum up investment in Germany"},"content":{"rendered":"<p>\u00a0German industrial businesses employed some 496,000 fewer people at the end of 2025 compared to the start of 2019, according to a survey conducted by the <a class=\"internal-link\" href=\"https:\/\/www.dw.com\/en\/ifo\/t-18950442\" rel=\"nofollow noopener\" target=\"_blank\">Ifo Institute economic think tank.<\/a><\/p>\n<p>The figure represents a 7.1% decline.<\/p>\n<p>Worst-hit has been\u00a0the <a class=\"internal-link\" href=\"https:\/\/www.dw.com\/en\/german-car-industry\/t-71254025\" rel=\"nofollow noopener\" target=\"_blank\">automotive industry<\/a>, a key sector of the German economy, where 123,500 jobs were cut both at carmakers and suppliers, a decline of 13%.<\/p>\n<p>But the metals sector also saw a marked decline in the number of jobs available, dropping 115,600 workers in the period, while the machinery sector bled 64,500 positions.<\/p>\n<p>At the same time, more than 2.2 million additional jobs were created in the service sector, according to Ifo.<\/p>\n<p>It said 391,000 new jobs had been established in the health sector and another 357,000 in social services, including care homes.<\/p>\n<p>Joachim Ragnitz, managing director at Ifo Dresden, said the figures showed an &#8220;accelerated structural shift&#8221; in Germany.<\/p>\n<p>&#8220;Ironically, the very sectors that have sustained our prosperity up to now are shrinking,&#8221; he said.<\/p>\n<p>&#8220;The new jobs are for the most part not being created where Germany is especially productive and innovative. That may slow down our growth potential in the future.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0German industrial businesses employed some 496,000 fewer people at the end of 2025 compared to the start of&hellip;\n","protected":false},"author":2,"featured_media":635208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-635207","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=635207"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/635208"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=635207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=635207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=635207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}