Germany faces deindustrialization amid investment outflows: IW

BERLIN, March 14 (Xinhua) -- High investment outflows from Germany in recent years are a sign of looming deindustrialization, the German Economic Institute (IW) said on Thursday.

Foreign investment in Europe's largest economy hit its lowest level in 10 years in 2023, down to 22 billion euros (24 billion U.S. dollars), according to the IW. German companies invested more than five times as much abroad, resulting in net outflows of 94 billion euros.