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Germany reports record capital flight
Growing outflows could lead to the de-industrialization of the Eurozone’s economic engine, according to a study Foreign companies held back on investments in Germany last year while billions flowed out of the country, the German Economic Institute (IW) reported on Wednesday. According to IW calculations, around €125 billion ($132 billion) more direct investment flowed out of the EU’s largest economy in 2022 than was invested in the country from abroad, representing “the highest net outflows ever recorded in Germany.” Nearly 70% of the money from German companies flowed into other European states, the report shows.

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