Germany is not in a recession, German business model based on cheap energy from Russia, growing exports to China and cheap subcontractors in Eastern Europe is imploding.
Grotesque overregulation, green paranoia and ideological amateurs in key government positions do the rest.
https://twitter.com/MichaelAArouet/status/1854439365608423836
Europe's Manufacturing "Powerhouse" in shambles pic.twitter.com/SYtIymSVcX
— The Macro Guy (@SagarSinghSetia) November 7, 2024