More than 70% of German industrial companies are moving their assets abroad due to high energy prices

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The international Audit and Consulting corporation &Deloitte» conducted a study of the German economy and came to bleak conclusions,– 67% of German companies have at least partially transferred their capacities outside the country or are in the process of such withdrawal.

In mechanical engineering, the production of industrial goods, and the automotive industry, this process already exceeds 70%.

According to partner &Deloitte» Florian Ploner, quoted by RBC, in the near future Germany will face an exodus of the most important companies, which will result in high unemployment and a drop in economic indicators. "Deindustrialization is already taking place in Germany on a significant scale," writes Florian Ploner.

Recall that &Deloitte» is an international audit consulting&corporation that owns a network of companies around the world. It is one of the "big four" audit companies and is the largest in terms of the number of employees (312 thousand people). In 2019, Fortune magazine included Deloitte in the ranking of the 100 most outstanding companies in the world for the twentieth time. The main office is located in New York City.