Germany's Economic Woes Deepen, Private Sector Crumbles
295 sats \ 3 comments \ @TomK 27 Aug econ
Germany’s economy continues to flounder in recession, with its GDP shrinking by 0.1% from the previous quarter and stagnating year-over-year. When adjusted for the debt-fueled government spending programs, the private sector reveals an even bleaker picture, with industrial output plummeting nearly 5% compared to last year. The outlook remains grim as industrial production and consumer confidence are stuck in deep recessionary territory, with little hope of recovery this year.
A radical shift in policy is urgently needed—deregulation, a return to free market principles, and a significant reduction of the welfare state—to pull Germany, and by extension the Eurozone, out of this crisis. Yet, Germany has strayed so far from the private formation of capital that it’s almost ideologically unthinkable to reverse course before the economy and society face a catastrophic breakdown. https://m.stacker.news/48388
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47 sats \ 1 reply \ @halalmoney 27 Aug
Surely German politicians have some semblance of German patriotism. I can’t see why they would allow their country to decline in this manner. Do they really believe in green socialism, or have they been bought off, or something else I can’t think of!
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11 sats \ 0 replies \ @TomK OP 27 Aug
I think it's time to talk about the globalists from the WEF here too. All these governments that you see here, whether it's in the US, England, France or Germany, come from the same stable and are pursuing the same goal. The collapse of German industry is definitely part of a plan to manage and control the German population, and the same applies to the initiated migration crisis. These people are convinced that they can centrally control and plan an economy, they are communists. and the so called Green New Deal is nothing more than an attempt to create an artificial GDP. The deliberate collapse of the economic middle class, which was extremely strong and politically powerful in Germany in particular, is one of the most important pillars of this new political direction
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0 sats \ 0 replies \ @160ed04091 28 Aug
people should understand that Germany’s economic situation is complex, with significant pressures on the private sector and broader economic uncertainty. However, the country’s strong industrial base and strategic investments in future technologies could help stabilize and eventually rejuvenate its economy.
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