The world’s 4th largest economy & Europe’s largest, Germany, is confirmed to be in recession. Persistent inflation pushed Germany into recession, according to upgrades to their growth data. What are the other factors that led to this – and are economists hopeful of a recovery in the second half of the year? Watch to find out
#recession #economy #germany
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BREAKING: Recession News
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Germany, the largest economy in the European Union, has officially entered into a recession for the first time in six years. The country’s Gross Domestic Product (GDP) shrank by 0.2% in the third quarter of 2018, following a 0.5% contraction in the second quarter, indicating that the nation has entered into a technical recession – a downturn in economic activity for two consecutive quarters.
One of the main reasons for the economic downturn is the inflation woes the German economy is facing. The country’s inflation rate has been hovering far below the European Central Bank’s target of just below 2%, leading to a decline in consumer spending and a slow-down in economic growth. In addition, the government’s decision to raise taxes on fuel and heating has further dampened consumer spending.
Moreover, Germany has been hit by the ongoing trade tensions between the United States and China, which have affected the country’s exports. As a nation that relies heavily on exports, the trade war has had a significant impact on the German economy, leading to a decline in demand for German products.
The automotive industry, which is one of the largest employers in Germany, has also been a source of trouble. The industry has been hit by a series of scandals, including Volkswagen’s ‘Dieselgate’, which exposed the use of emission-cheating software in the company’s vehicles. These scandals have led to a decline in demand for German cars, thereby affecting the entire industry.
Despite the bleak economic outlook, Germany’s government has announced measures to boost economic growth, including an increase in public investment and tax cuts for the middle class. The government has also announced plans to invest in infrastructure and education, which are expected to create jobs and stimulate economic activity.
In conclusion, Germany’s entry into a recession is a cause for concern, not just for the German economy but also for the broader European Union. The country’s economic woes highlight the need for policy-makers to address the issue of inflation and cut taxes, in order to stimulate demand and boost economic growth. With the right policies in place, Germany can overcome its economic challenges and emerge stronger in the long run.
So funny how you tell,,open your eyes,see recession is decreased, in september germany will be out of recession, news people always be like earning food by telling lies in present not showing positive things whuch is going to happen,ahame on you media
Germany has kind of economic crisis not as UK, US and other defaulters
Germany GDP is negative because manufacturing is stopped due to cut of Russian fuel
This crisis would never come if Germany was in Russia's favour
USA is the culprit of Russia Ukraine war why world economy is glooming
There are many country in crisis with high inflation Zimbabwe, Venezuela, Argentina, Nigeria, Niger, Egypt, Turkey, Sri Lanka, Pakistan, Iraq and Libya etc
UK has living cost economic crisis
US has debt default crisis
Bangladesh's economic crisis is mostly artificial and political
China has excessive public company defaulter
Nepal has debt and balance of trade problem
Afghanistan has Taliban issue
But India smartly manipulated USA China cold war and Russia Ukraine war
India bought Russian cheap oil and then sold it to Europe and USA
Controlled reserve fall and inflation
But if you look at India's growth and overall statistic India isn't surprising
India's trade balance, manufacturing down growth, unemployment, social crisis etc
India's foreign reserves mostly are bonds and golds
If you see India's foreign reserve is 600bn now but rupee is 82.5+
Dhruv jhatee should now make a video on this as to how a recession is healthy for a country's economy and how Modi and Sitharaman are responsible for the recession in Germany, a country located in a completely different continent.
Follow America's recent example and rewrite the recession definition to take you out of a recession.
I think Russia just sanction germany.
Since before Christmas I have been pointing out on the internet the obvious:
The UK is doing Ok, Germany is in the shit.
There are good economic reasons for me saying this: Germany is a manufacturing nation with no raw material. It relies upon Russian gas and minerals to make things, which it mainly sells to China.
With the war in Ukraine all of that has disapeared. China relied upon the West to buy Chinese goods, allowing it to buy German goods. That entire loop has collapsed.
And as Germany is the economic power house of the EU – when Germany struggles so does the EU.
I had argued this long and hard, and had been ridiculed by many posters.
It didn’t help that the UK press is always doom and gloom, the glass is half full, whereas the EU press never talks about problems.
Well finally I am vindicated. Germany is officially in a recession, (which both Press and Posters assured me would not happen), and the UK isn’t (which they assured me it was).
Nice to now post all over Youtube “I told you so”
RUSSIA SHOULD DROP NUCLER WEPON ON UKRAINE AND STOP THIS WAR.
next in the line is France…country in crisis
We need austrian painter
This happened because India bought oil from Russia.