Posted on 03/30/2020 10:41:36 AM PDT by Olog-hai
The coronavirus outbreak has made a recession in Europe’s largest economy inevitable in the first half of this year, Germany’s council of economic advisers said on Monday, predicting that output could shrink by up to 5.4% this year.
The panel, which advises the government on economic policy, said its baseline scenario — in which the economic situation would normalize over the summer — was for the economy to contract by 2.8% this year before potentially growing by 3.7% next year.
But a more marked “V-shaped” recession curve with widespread halts to production or longer-lasting public health measures, could lead to the economy contracting by 5.4% this year before growing by 4.9% in 2021 thanks in part to a statistical overhang, it said …
(Excerpt) Read more at reuters.com ...
Weimar Republic 2. Look what happened when the first one effed everything up. You needed a wheel barrow to carry all the marks you needed to buy a loaf of bread.
So when do they invade Poland?
“Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.”One can bet they have several “solutions” hidden up their sleeves. They want the people to demand the government to grab more power to solve whatever “crisis” hits.
— Jean Monnet
Poland’s already in the EU, so it’s a matter of seduction now.
Once we’ve all come to the realization of how the efforts of our political class halted the current outbreak, we’ll be doing this every year.
Perfect economic set up for that man of sin to step up in Europe with all the answers.... Though I think this is just a preview for how it all ‘could’ happen...... Only thing missing in this equation is the Rapture and Damascus getting flattened.....interesting times.
Tut mir Leid, Deutschland! Wir haben ihn zuerst gesehen!
When you stop the engine that builds prosperity, this is what you get. Whose idea was it to close businesses and send taxpayer money to the ones fired by the government?
You have to get people productive again, or it will all crash (runaway inflation and poverty).
If they only get a recession, consider themselves lucky.
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