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Posted on 08/10/2025 5:00:33 AM PDT by MtnClimber
The German economy is sinking far deeper into recession than previously thought. Recent revisions to the national accounts by the Federal Statistical Office paint a dramatic picture.
Quietly and without fanfare, the Federal Statistical Office released new data this week on Germany’s economic output. And, as expected, the figures were revised downward. Instead of shrinking by 0.2% in 2023 as initially reported, Germany’s GDP actually contracted by 0.9%. The outlook for 2024 has also worsened: a projected contraction of 0.5% instead of the previously assumed stagnation.
Three Years of Ongoing Recession
Anyone who still clung to the illusion of stability must now face reality. Germany is stuck deep in its third consecutive year of recession -- and there's no way out in sight. The downturn is deeper than previously assumed, with far-reaching consequences that politicians and media had downplayed.
It’s not unusual for macroeconomic data -- such as GDP, unemployment, or inflation -- to be revised retroactively. These figures are highly aggregated and often based on estimates and projections. It would therefore be unfair to accuse former Economy Minister Robert Habeck (Green Party) of falsifying these numbers. For one, the Ministry of Economic Affairs isn’t the only institution massaging data to suit political interests.
Just think of Germany’s labor market figures, which have been grossly distorted by early retirement schemes, job creation programs, and other manipulations -- rendering them practically meaningless.
Central Planning and Climate Ideology
Still, there is no question that Habeck’s policy approach has inflicted severe damage. His economic policy strictly followed the Green Deal line, aiming to transform fundamental pillars of the German and European economy. At the heart of this centrally planned transformation was the energy sector -- once the engine of German industry. The explosion in energy prices is the ultimate proof
(Excerpt) Read more at americanthinker.com ...
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There is nothing that the left can’t screw up.
Started with Angela shutting down the nuclear plants?
Started with Pres. Trump drastically reducing the flow of US taxpayer money propping up Europe’s welfare states.
Krauts did this to themselves.
“There is nothing that the left can’t screw up.”
Indeed, the left has “The Dorkbama touch”.
Everything they touch...everything...turns to Dorkbamastuff, which is that awful slime that is even below s**t.
They could screw up a wet dream.
Greenies.
Islam.
Socialism.
No babies.
Anything else going on in Germany?
Send kamalamdindgono obama and all those types there they love em.
,
Look for EU ruling class to REALLY panic at the prospect of right-wing AfD winning big in the next German election.
It looks like Germany is banning most AfD candidates.
Did they promise to divert about a trillion dollars to defense spending? I bet they don’t.
Angela Merkel imported 5-8 million people who are almost totally unproductive, and most of whom draw on state welfare funds rather than work. And they breed. A lot. This will get far worse.
“It looks like Germany is banning most AfD candidates.”
It’s necessary for the EU to “protect democracy” in all countries.
Everything nosedived economically in Germany when we took out their pipeline (in order to ‘teach Putin a lesson’), and even after that, Germany killed off its last 3 nukes and replaced them with re-activated coal plants. So while their economy crashes, their carbon footprint soars...as they go back to using 100 year old technology for energy.
Gotta hand to the GREENS there!
All of those muslims brought into Germany are not spending their money in Germany, it is being sent back to their Country of origin.
Withdraw America from fascist Germany!
Cheap Energy is the bedrock of a good economy.
“…with far-reaching consequences that politicians and media had downplayed.“
Evil is assured when the press chooses a side.
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