Posted on 09/26/2022 10:34:24 AM PDT by Its All Over Except ...
Europe's largest economy is sending recession signals.
Germany's key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses. ...
High energy and commodity prices are weighing on demand and putting pressure on profit margins, said Carsten Brzeski, chief eurozone economist at ING bank.
Companies can no longer pass through higher costs to consumers as easily as in the first months of the year.
Company order books are shrinking, while businesses that use a lot of energy, such as bakeries, are facing costs that make them question whether they can stay in business.
The news comes as more economists predict a recession for Europe as a whole.
Germany was heavily dependent on cheap natural gas from Russia, which has cut back supplies to a small fraction of what they were before the February 24 invasion of Ukraine.
Gas is used to keep homes warm, run factories and generate electricity.
European officials say the cutbacks are an attempt to pressure governments out of their strong support for Ukraine and for economic sanctions against Russia. ...
But experts say Europe will still need to make a serious effort ahead of the winter heating season to conserve gas.
...
(Excerpt) Read more at wap.business-standard.com ...
No updates on the Russian stock market crashing today? Russian men stampeding out of the country before the borders are closed? Now why would that be?
That’s likely to happen when you put a 16 yo girl in charge of your energy planning and go green…
Inventing crazy bs about me to soothe their damaged psyches and clinging to each other like terrified screaming monkeys.
You Trolls, with me living in your heads, are pathetic - LOL! 🤣🤣🤣
Be sure to let Germany know when you need more baby formula.
The cowardly Putin Stooges are too busy posting about me behind my back.
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