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The German export industry is facing formidable challenges due to a persistent decline in global demand. September saw a 2.4 percent drop in exports, factoring in calendar and seasonal adjustments, as reported by the Statistische Bundesamt (Destatis). This figure surpassed expectations, with economists surveyed by Dow Jones Newswires predicting a 2.0 percent decrease.
More concerning is the year-on-year comparison, which reveals a 7.5 percent decrease in exports for September.
AND: it has nothing to do with their energy policy!! Don't mix things up.
When you zoom out, it is not that bad. But yeah, not good at all either.
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And now reduce credit financed gov spending and the german economy is in a depression. It's far worse than You think.
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