Sun goes down on German economy as recession drags on and government spending is slashed

April 2, 2024

The sun rises first in Saxony, Germany’s easternmost state likes to boast, but last week it set on another solar industry hopeful.

Some 400 employees of panel manufacturer Meyer Burder were let go in the town of Freiberg, a move the company blamed on relentless cheap competition from China and a thumbs-down from Berlin for additional solar industry subsidies.…

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