The figures were a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise.
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BREAKING: Recession News
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The Statistics Office of Germany has recently announced that the country has slipped into a recession after its economy contracted by 0.3% in the first quarter of this year. This marks the first time in seven years that Germany has faced a recession, and it underscores the economic challenges that the country is currently facing.
A recession is often defined as two consecutive quarters of negative economic growth, and the latest figures from the Statistics Office suggest that Germany is now in the midst of a downturn. The country’s economy has been hit by a range of factors, including external challenges such as the ongoing trade tensions between the US and China, as well as internal issues such as the end of government stimulus measures.
The Statistics Office also reported that imports dropped by 1.6% in the first quarter, while exports grew by a modest 0.9%. This suggests that weakening external demand is having an impact on Germany’s economy, which relies heavily on exports to drive growth.
In addition to these factors, Germany’s automotive sector has also struggled in recent months. This is significant, as the auto industry is a key driver of the country’s economy, and it has been hit by declining sales and regulatory challenges related to emissions and safety.
Despite these challenges, there are some signs of hope for Germany’s economy. The country’s unemployment rate remains low, and consumer confidence is still relatively strong. Additionally, the German government has pledged to invest in infrastructure and education in order to boost economic growth.
However, the road ahead will be challenging for Germany, and it is likely that the country’s economic performance will remain subdued in the near term. The latest figures from the Statistics Office serve as a reminder of the delicate balance between internal and external factors that can influence economic growth, and they highlight the need for policymakers to remain vigilant in the face of uncertain economic conditions.
NO MORE CHEAP GAS FROM RUSSIA. A MANUFACTURING NEED CHEAP ENERGY. RUSSIA SOLD YOU CHEAP GAS AND YOU PROSPERED.CHINA IS YOUR LARGEST TRADING PARTNER AND YOU PROSPERED. THE U.S NOW SELLS YOU 4X THE PRICE OF LNG FROM THE U.S.A. THE AMERICANS WANT GERMANY TO GET RID OF CHINA'S 5G FROM WAIWEI AND STOP TRADING WITH CHINA . IF AMERICANS DO NOT TAKE CARE OF THEIR OWN PEOPLE WHY WILL THEY HELP THE GERMAN PEOPLE. LOOK AT ALL THE HOMELESS AMERICANS AND MASS SHOOTINGS.
People riot and bring civil war in europe
German killed itself by obey her boys order that's USA. Germany leader should think first for its country then it can turn to friends like American
Germany is a slave of america so german should do as america say them to do. Dont use your brain. We dont care if germany go to hell but order of america should be obey by germans. Make it a point.
Sad that the Greens became the utlimate American globalist puppets
i am happy that india didnt obey america on russian sanction
Or it is still nothing wrong happened to 80 million germany than that off 1.4 billion india
It happened becoz Germany became German shepherd of america
Fighting with Russia and china and blaming india lol Germany change your mindset and be friends with asia
This will be the fate of those who obey America…
WtF? Can’t happen. EURONEWS promised us it would be The UK. No No No No oooooooooo☠️
Germany ( and Europe ) entering Recession by contracting around 0.4 % means Brussels, Strasbourg and Frankfurt policies and the absurd and manufactured Ukraine War have been a total failure . The 2024 EU Elections must find new skilled and talented Elected Officials, Bureaucrats and Technical Experts: Build 400 gigawatts of Solar , Wind and Batteries Arrays, build 15 Electric Vehicles and Batteries Factories, build Heat Pumps Factories and training in Installation and Servicing, build AGRIVOLTAICS and Desalination Water Farms , and build the EU Chips Act Foundries now !
Above all end the fake and provoked War , designed to bankrupt Europe and Ukraine, Russia and America amd take control of NATO Nuclear Weapons and Brussels Funds, organized by the Neocon Oligarchs and Oil Sheiks behind Zelenskiy and Fink of Blackrock. Now that we know the Military Contractors are stealing from NATO and the Pentagon, solutions are easier for the right new Elected Officials.
""Military Contract Price Gouging: Defense Contractors overcharge Pentagon ", 60 Minutes.
I’d much rather live in Germany than the country formerly known as russia.
just begining