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We expect Germany will be in a mild recession this year, warned Bettina Orlopp, Commerzbank CFO pic.twitter.com/Vy7k2ef801
— CNBC International (@CNBCi) May 17, 2023
Why would it get better at any point in the future, ever?
The nuclear power plants are shut down, the gas pipes were blown up by Joe Biden’s Jews. They are building windmills.
That’s Germany specifically. It’s an industrial country that needs cheap and reliable energy. Without that, it is going to deindustrialize. We’re not the only people saying this. It’s not a secret.
Germany is also part of the global economic system, which is a disaster due largely to the actions of the governments during the “pandemic” hoax and now the weird interest rate business.
RT:
Investor confidence in Germany has fallen for a third consecutive month as growth prospects worsen, fueling fears of a recession in the EU’s largest economy, Bloomberg reported on Tuesday.
The economic sentiment index measured by the ZEW economic research institute dropped to -10.7 in May from 4.1 in April, representing the first sub-zero reading this year. An index of current conditions also deteriorated, the outlet said.
The data comes amid a deeper-than-expected production slump across most industries in Germany. New orders for manufacturing companies dropped 10.7 % month-on-month in March, the sharpest decline since April 2020.
“The financial market experts anticipate a worsening of the already unfavorable economic situation in the next six months,” ZEW President Achim Wambach said in a statement. “As a result, the German economy could slip into a recession, albeit a mild one,” he added.
It’s whatever, I guess.
I mean.
I don’t know.
Actions have consequences.
Effective policies have helped the German economy weather the shut off of Russian gas. But tightening financial conditions and higher energy prices have slowed near-term growth. Key challenges remain: productivity, aging population and green transition. https://t.co/Wr2iNgtxxB pic.twitter.com/gSGZZE0Gr8
— IMF (@IMFNews) May 16, 2023
Here we go. After being told by the media and the #BankOfEngland that the U.K. would fall into recession this year & have the weakest economy in the G7…. We are now being told that the U.K. economy will grow, and #Germany will go into recession 😂 pic.twitter.com/vOsSYqpd0k
— Rod Bishop 💎 (@rodbishop15) May 9, 2023
