45 sats \ 2 replies \ @duvel 5 Jul \ on: German Industry Faces Steep Decline Amid Policy Crisis econ
I'm shocked that you mentioned a depression, because of the severity. Could this spread to the rest of Europe? With regard to the depression, shouldn't it at least last several years before to call it a depression?
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50 sats \ 1 reply \ @TomK OP 5 Jul
It is difficult to read reality from the fog of economic data published mostly by government organizations. but we do know: government debt is rising, inflation has been very high, in Germany industry has reduced its production volume by over 13% in two years - to me this all points to an economic depression, even though the government is running massive government demand programs to cover this up.
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0 sats \ 0 replies \ @duvel 5 Jul
Thank you for the reply. It's indeed very interesting to see that not 1 article mentions a depression. Mostly not recent articles talking about a recession.
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