The largest economy in Europe has officially entered a recession after a series of disasterous man-made climate and sanctions policies destroyed Germany’s economy. Academic Researcher Ralph Schoelhammer joins Redacted to look at the decline of Germany and the Beyond Growth Conference which promotes the “Degrowth” of Europe.
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BREAKING: Recession News
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BREAKING! Germany Officially Faces DISASTER, Enters Recession | Redacted with Clayton Morris
Germany, known as Europe’s economic powerhouse, has officially slipped into a recession, marking a major setback for the continent’s largest economy. This distressing news has sent shockwaves across the European Union, raising concerns about the overall economic stability of the region.
The news broke during a special edition of “Redacted with Clayton Morris,” where experts analyzed the dire economic situation that Germany finds itself in. The country’s Gross Domestic Product (GDP) shrank by 0.1% in the second quarter of 2019, following a 0.4% contraction in the first quarter. With two consecutive quarters of decline, Germany meets the technical definition of a recession that serves as an alarm bell for the global economy.
Germany’s sharp decline can largely be attributed to the ongoing trade tensions between the United States and China. Being one of the world’s largest exporters, Germany heavily relies on global trade to sustain its economy. The escalating trade war and subsequent slowdown of international trade have significantly impacted German industries, particularly its export-oriented manufacturing sector.
Another factor contributing to Germany’s bleak economic situation is the uncertainty surrounding Brexit. The United Kingdom, one of Germany’s largest trading partners, has yet to clarify its position on exiting the European Union. This ambiguity has caused a strain on German businesses, which fear potential disruptions to their close economic ties with Britain post-Brexit.
Furthermore, weakening global demand and rising protectionism have taken a toll on Germany’s vital automobile industry. Renowned for its luxury cars, Germany has faced a decline in vehicle sales as global market conditions worsen. This particular downturn has directly impacted German manufacturers, leading to production cuts and job losses.
Germany’s recession has wider implications for Europe as neighboring countries increasingly depend on its economic stability. Weaker growth in Germany will likely hinder the overall growth prospects of the European Union, further dampening a region already grappling with political uncertainties and financial strains.
Nevertheless, the German government has acknowledged the gravity of the situation and has taken steps to counter the ongoing economic decline. Chancellor Angela Merkel’s government has implemented fiscal measures aimed at boosting domestic demand and stimulating investment. This includes a package of reforms designed to bolster the country’s infrastructure, promote research and development, and support the digital transformation of its industries.
The effectiveness of these measures, however, remains to be seen. With global economic uncertainties and persisting trade tensions, there are concerns that Germany may face a prolonged slowdown. This possibility has put pressure on the European Central Bank (ECB) to consider further monetary policy easing, including potential interest rate cuts or additional stimulus measures.
As Germany officially enters a recession, it serves as a stark reminder of the interconnectedness of the global economy. The repercussions of Germany’s economic downturn will reverberate throughout Europe and beyond. It is essential for policymakers, both in Germany and across the globe, to seek collaborative solutions and address the underlying issues that have led to this dire situation.
In the face of this crisis, Germany must not lose sight of its resilience and strong economic fundamentals. By adopting necessary reforms, investing in innovation, and diversifying its trade relations, Germany can strive towards a sustainable and stable future. Only time will tell whether Germany can overcome this recessionary phase and continue to be a driving force in the European economy.
Another lie not to hard to sell since the participants have been lied to for years! Please give a warm applause to the new EUCP!
Niger is trying to follow her advice and decolonize, but France does not look like it is going to allow degrowth on themselves.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Lose your job, and say that again. It may sink in a bit better as to the nonsense you are spewing out.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
No grown ups in that room
all fairies and twinkle.
Appears the Bolsheviks have won.
Niemcy zawsze zostaną hitlerowskie wierzyli hitlerowi i wierzą hitlerowskiemu potomkowi polacy wywodzą się też chyba z tego pnia mając rząd faszystowski polskojezyczny. Jako polka wierzę że obóz w Oświęcimiu był polskim i hitlerowskim obozem zagłady razem wzietym.
I'm confused about the German woman speaking about de-growth. She is promoting everything that was done in East Germany from the 60's to the 80's. And since East Germany no longer exists, we know how this type of economy turned out.
Economic growth is racist. I wouldn't have ever guessed it
I have yet to see any definitive scientific proof that our use of fossil fuels is affecting the planet. So many people believe it but without any proof. Evidence is not proof, especially when it is promoted as science.
Europe's Economy Is Permanently Collapsing.
The BRICS' next step to weaken the Dollar will be to finance the Nations that owe the IMF, granting them loans to pay the IMF, but the debt before the BRICS Bank will be in YUAN. Generating 3 effects: 1. It becomes a creditor of these nations that start to use only the YUAN; 2. They get rid of the rotten currency that is the Dollar; 3. It causes a Dollar surplus in the West that generates Inflation that devastates the credibility of the Currency, weakening the West's finances.
Therefore. The BRICS should grow even stronger in the coming years.
The rich countries say: "Let's save the Planet", but they want to keep the "Global South" under the reins, to enslave us to live well.
IT's finished! The Global South, through the BRICS, will liberate the Oppressed Nations. The Dollar is a Bubble that will burst in Europe and the USA.
Who are the morons that attend beyond growth. The dumbest people on the planet, without any question. The poor will suffer first and longer than anyone else and they could care less.
That woman is a Marxist nut!
Sanctions started working lol
Hola, ¿qué hay de la población, cómo reaccionan las personas, se revelan, protestan o son como ovejas mansas???, creo que son ovejas mansas. Es mi opinión desde lo que se muestra.
Thats a problem why Europe is braking apart between west and east Europe.
I come from an country that like mostly all eastern European nations never had Colonies.
This colonial narative dosent fly in eastern europe.
Beacuse we were under the Boot of the wealthier Western Neighbours for centuries.
Its like: "what are you takling about, we dont care about that there is no white guilt to be found here".
Now that the East has economicalliy risen to somewhat equal status this whole degrowth will never work.
That what the Poles are doing "sure France, Germany degrow, close your factories and reopen them here".
GREEN IDEOLOGY rules Germany at the moment!
Is it a recession, if they re-define recession like Joe Biden did?
I think the UK is taking a deep breath and realizing they are safe from these insane policies.
Prinero descolonizad y después el decrecimiento vendrá por si solo. No justifiqueis la entrega TOTAL A EE.UU, intermediario de stablishment mundial. Nos habeis TRAICIONADO A TOPE.
Gee, that 95% of Black American voters who elected Joe "Jesus" Biden is in for some big surprises.
Crooked Joe says it all makes sense to him.
Gemans are led by traitors!
This is karma… supplying weapons to kill…the worst is yet to come…
Fun fact: white supremacy theory is pushed by their own white people's. Just like kicking your own foot.
The Greens is destroying Germany…
Still not as bad as the disaster the UK faces following Brexit!
And German citizens are staying quiet, with no resistance. Almost surreal.