Recent reports indicate the economy is forecasted to contract by 0.2% in 2024, a significant drop from earlier growth projections. The downturn is driven by the loss of Russian energy supplies and broader global economic challenges. As Europe’s largest economy, this poses major concerns for the broader Eurozone.
BREAKING: 🇩🇪 Germany in recession – Bloomberg survey pic.twitter.com/ezL0wUDGQ6
— Radar🚨 (@RadarHits) October 14, 2024
Germany has had no growth for 6 years
1. German business model based on cheap energy from Russia, growing exports to China and cheap subcontractors in Eastern Europe is gone
2. Demographic crisis looms
3. There is uncontrolled immigration into social system
What did I miss?
Germany has had no growth for 6 years
1. German business model based on cheap energy from Russia, growing exports to China and cheap subcontractors in Eastern Europe is gone
2. Demographic crisis looms
3. There is uncontrolled immigration into social system
What did I miss?… pic.twitter.com/EAxBcA3nRu
— Michael A. Arouet (@MichaelAArouet) October 13, 2024
www.businesstimes.com.sg/international/german-economy-recession-no-more-growth-seen-2024