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Post by sevenofnine on Sept 28, 2023 11:41:37 GMT -5
The German GDP is not do too well A new forecast expects the overall German economic output to contract this year, mainly due to a slower-than-expected recovery in the industry and private consumption. Germany is struggling to get back to the role of the economic engine of the EU. According to five economic institutes who provide their common forecast twice a year, the country’s GDP is expected to decline by 0.6 in 2023, as rising interest rates take their toll on the economy and high inflation depresses consumption. www.euronews.com/2023/09/28/the-german-gdp-is-shrinking-by-06-this-year |
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Post by sevenofnine on Sept 28, 2023 15:22:14 GMT -5
Here update Germany economy made shrinking too at end of the year German economy set to shrink in 2023, experts say A new report predicts a dip in economic output this year, correcting earlier forecasts of moderate growth. But experts are optimistic for 2024. Germany's economy is set to hit a slump in 2023, according to a report released by several leading economic research institutes on Thursday. The Joint Economic Forecast, commissioned by the government and published twice a year, expects a downswing in Germany's gross domestic product (GDP) of 0.6% this year. In their spring report, experts had predicted moderate economic growth of 0.3%, but official numbers showed stagnation in the second quarter of 2023. Why is Germany's economy shrinking? Economists say skyrocketing energy prices in 2022 — linked to Russia's war in Ukraine — put a halt to post-pandemic economic recovery. This drove up inflation, meaning people could buy less with their money, and dampened industrial production. "Industry and private consumption are recovering more slowly than we had expected in spring," said Oliver Holtemöller, vice president of the Halle Institute for Economic Research (IWH). He added that businesses were also concerned by what they saw as political insecurity. www.dw.com/en/german-economy-set-to-shrink-in-2023-experts-say/a-66948184 |
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Post by oliverwithatwist on Sept 28, 2023 17:02:19 GMT -5
I believe the outhouse is about to cave in all over the world. In other words, the world economies are about to hit a brick wall.
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anna
Trials
Posts: 1,995 
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Post by anna on Sept 28, 2023 18:16:36 GMT -5
Remember David Wilkerson's God given insights, he said Germany would be the first to fall from economic disaster then named the other countries in the order they would fail also. There might end up being mad max in our country, so many young men are arriving everyday to live in our country. There are no go zones in AZ. Criminal gangs could send out raiding parties...
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Post by sevenofnine on Sept 29, 2023 11:08:14 GMT -5
That they doing in some part of border of CA hate to say it
Near Camp Pentatoon Base in San Diego
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!!
