Germany's economy is in dire straits, with recession persisting despite heavy state intervention and artificial demand programs. Productivity has stagnated, unemployment is rising, large companies are closing, and insolvency rates have hit record highs. Mobile capital is fleeing the country, yet policymakers remain inert, relying on increasing intervention and control.
In Q2 2024, Germany's GDP contracted by 0.10% compared to the same period last year. Historically, GDP growth averaged 1.83% from 1971 to 2024.
Sad to see
3 quarters with negative GDP is starting to be worrying, until when will these politicians be with their arms crossed?
they have said several times in Germany that they no longer want certain forms of industry in the country, so this de-industrialization and recession comes as no surprise
There are no coincidences. It means someone really needs it.
How long do they have to be negative before the politicians take some action?