Indeed, investment has fallen despite financing conditions for enterprises that have never been easier, both in terms of ultra-low interest rates and banks’ willingness to lend. Yet Germany’s corporate sector remains reluctant to borrow and invest in the country, because it sees little reason to expect long-term economic growth, given that the population is set to decline and productivity gains remain anemic.
事实上，尽管企业的融资条件堪称史上最宽松（不管从超低的利率还是银行的放贷意愿看都是如此），但投资仍在下降。而德国公司部门仍不愿再国内借钱和投资，因为它们看不到长期经济增长的希望，这又是因为人口即将减少且生产率增长停滞不前。