Posted on 03/26/2022 11:54:51 AM PDT by RomanSoldier19
German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in the wake of the war in Ukraine, pointing to a possible future recession, a survey showed on Friday.
The Ifo institute said its business climate index dropped to 90.8 in March from a downwardly revised 98.5 in February. A Reuters poll of analysts had pointed to a March reading of 94.2.
The message from Germany's most important economic barometer is clear: the German economy is very likely to slide into recession," said Thomas Gitzel, chief economist at VP Bank Group.
The publication of the purchasing managers' index on Thursday gave some hope the German economy had so far been able to absorb the economic consequences of the war, but Friday's Ifo index "teaches us otherwise," Gitzel said.
"The extreme divergence between the situation and expectations is typical. Even if not much has actually happened, uncertainty due to the war is very high," said Jens-Oliver Niklasch, senior economist at Landesbank Baden-Wuerttemberg.
(Excerpt) Read more at news.yahoo.com ...
His New World Order S****.
So Putin was concerned about expanding NATO into Ukraine, but that was a groundless fear, except that NATO had done such a good job of operating with the Ukrainians that they were not so easily defeated.
So either Putin had nothing to worry about, or our gubmint was lying to us about Hunter’s laptop.
PS the non west now gets cheap Russian oil to lower their costs while the cost of the West went up all because Hunter’s laptop was a Russia conspiracy theory.
The war had nothing to do with it. I’m sure Russia is more than willing to sell gas to Germans if they ask nicely.
Sort of related....
Spanish Military Vehicles & Troops Arrive in Norway
Mar 25, 2022
https://www.youtube.com/watch?v=GNKyQBCMrig
Forget morale. It is green lunacy and the assault on the fossil fuel industry that is causing energy prices to skyrocket. Germany was a founding member of the West’s mutual green suicide pact.
You’re closer to the truth. It’s all related to green energy. Having lived in Germany for 19.5 years, they are “hyper” about green energy and do not allow you to warm your engine a couple seconds before driving off. The whole economy is tied to green energy being the savior of mankind.
Just close your eyes and listen .... they're all talking about joe sand his crimes right now, especially including Ukraine
Us Americans are faced with those problems, but don't worry about those problems until they affect us. Give us a few more months- Tom
Boy, the EuroTards really stepped in gum this time...
I wonder what real estate prices are along the Fulda Gap.
Good. Time to close the factories. Europe’s destiny is the sex tourism spot for rich Asians.
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