Structural crisis in the European economy

Juhee Kim

kim.joohee@pknu.ac.kr

Professor at Pukyung National University

     The economic situation in Europe continues to worsen and even Germany is going into recession. A sharp rise in interest rate in the capital market, a weak global economy, and an energy crisis, as well as an increase in foreign investment by German companies and a steady decline in domestic investment, led to structural problems such as aging infrastructure, underdeveloped digital infrastructure, increased backlog of education systems, lack of skilled manpower, and excessive bureaucracy and regulation. It is also concerned about deindustrialization due to energy policy, given that Germany wants to be carbon neutral. Analysis and preparation of similar structural problems are needed in that the structural weaknesses shown by Germany can be a problem for us as well.​