Germany will emerge from the economic crisis to spearhead a fresh wave of industrialisation, according to the chief executive of Siemens, adding to the high-profile voices defending the country's reliance on exports.
Peter Löscher, head of Europe's largest engineering group, told the Financial Times that infrastructure programmes launched worldwide and the push for a green modernisation would spur growth in the industrial sector.
“We will certainly see more and not less industrialisation as a result of the current economic crisis,” he said. “Countries with a highly innovative industrial structure such as Germany will draw large advantages.”
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