The European Union economy faces the challenges of slowing economic growth, primarily due to high inflation and restrictive monetary policies. Despite some positive labour market developments, geopolitical risks and high levels of austerity remain significant barriers to economic recovery.
Germany has shut down its last three nuclear power plants, ending the era of nuclear energy and paving the way for renewable energy sources.
The German automotive industry faces serious difficulties due to the shortage of semiconductors, which affects production and increases vehicle prices. Investments in domestic production and reduction of dependence on foreign suppliers are key steps for stabilization.
The tech industry is facing a wave of layoffs in 2024 as big players like Google, Amazon, and Tesla increasingly invest in artificial intelligence. Priorities are changing, and workers are forced to adapt to new business demands through retraining and the development of AI skills.
The digital euro is becoming increasingly popular among eurozone members, with the aim of strengthening Europe's financial stability and monetary sovereignty. The European Central Bank is working on the implementation of a digital currency that will allow citizens and businesses to make fast and secure digital transactions without depending on external payment systems
Elon Musk has unveiled a new generation of electric vehicles that offer significantly increased ranges and faster charging. At the "We, Robot" event in California, Tesla unveiled the Cybercab, an autonomous two-seater that will be available in the near future. The move comes at a time when the electric car market is growing rapidly.