Posted on 01/30/2024 10:52:58 AM PST by davikkm
Official data from Germany’s federal statistics agency, Destatis, reveals a contraction in the German economy at the end of 2023. The 0.3 percent decline in output from October to December adds to the challenges facing Europe’s leading export nation. The contraction is attributed to factors such as high inflation and a slowdown in manufacturing.
Destatis’s data aligns with earlier estimates for the fourth quarter, confirming a 0.3 percent shrinkage in output. Analysts surveyed by financial data firm FactSet had forecasted this outcome. The economic decline is particularly pronounced in sectors like construction and machinery and equipment, with notable reductions in investments during the last three months of 2023.
(Excerpt) Read more at citizenwatchreport.com ...
Biden voters look to failures in Europe to justify the failure of Bidenomics.
Germany can’t run a deficit, they are required to have a balanced budget, unlike here where PedoJoe can run a $2+ trillion annual deficit that will goose the gdp numbers, to make it look like growth.
Maybe Germany should look for one strong Leader who can unite them as One people, One nation, under One leader.
The green climate Scam is kicking in
Seems reasonable and the Germans are known for being reasonable.
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