Two out of three German companies have relocated some or all of their operations abroad. From Russian Market at swentr.site:
The once mighty growth engine of the EU now seems vulnerable as the threat of deindustrialization looms
© Getty Images / Hans-Peter Merten
German Finance Minister Christian Lindner, injecting some humor at the recent World Economic Forum in Davos, stated that Germany is not the “sick man” of Europe but rather “a tired man,” following the recent years of crisis, in need of a “good cup of coffee.”
However, the economic indicators point to something more than fatigue. Although Germany could be described as merely being in a mild recession – the GDP readings, after all, can hardly be called awful – in reality the economy finds itself in the uneasy place of having no clear prospects for an imminent recovery.
Economic figures paint a darkening picture
Initial estimates suggest a 0.3% decline in GDP in 2023, positioning Germany as the only major industrialized nation in the red. Germany’s national debt saw an increase of about €48 billion, reaching almost €2.6 trillion. While this may appear alarming at first glance, it’s crucial to consider the broader economic context. Germany’s debt-to-GDP ratio, standing at approximately 65%, is relatively favorable compared to many Western countries.
I can’t believe how emasculated they are doing nothing about Nordstream and happy to be a rump vassal.
These things happen after 80 years of you are the most evil ever agitprop.
All of former Western Civ is emasculated, sad really.