Germany is exposed to a triple whammy: its industry looks vulnerable to foreign competition and geopolitical strife; its journey to net-zero emissions will be difficult; and its workforce is unusually elderly.

德国面临三重打击：其工业看起来很容易受到外国竞争和地缘政治冲突的影响；实现净零排放的旅程将是艰难的；而且其劳动力异常老龄化。