Surging energy costs have led to factory closings and the shifting of production lines overseas, Bloomberg says Germany’s reign as an industrial superpower is “coming to an end” as the loss of cheap Russian natural gas amid the Ukraine crisis has dealt a “final blow” to manufacturers that were already struggling to remain cost-competitive, Bloomberg News reported on Saturday. Industrial output in Germany has been dropping since 2017, and the downward spiral has accelerated since imports of Russian gas were cut off in 2022 to punish Moscow over the Ukraine conflict. Century-old factories are closing, and other comp
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