Minus 4.6?
Wow. And they got a unhappy nation because of the commie Frau and her immigration policy. This should get to be real good.
Mattie Merkel assured everyone that importing over a million indigent immigrants would be the key to German growth and prosperity. So the obvious answer to this economic collapse is to import more third world immigrants.
MAGA will get the hub of the of the wester free world humming again along with its current trading partners.
let the euroweenies rot in their NWO turd world muzlim eccentricities.
Better increase the monthly panzer production quotas.
Things will get VERY INTERESTING in Europe if this holds.
There is tacit understanding between the (Western) European people and their governments. It goes like this:
“Who cares about the Muslim invasion and repopulation - but what the hell, all our economies are doing great!!!”
If the second part of that ‘understanding’ no longer holds, all hell will break loose! This is going to fun to watch.
Import millions of welfare bums and shazam, their economy tanks. Who knew?
It was long ago that I studied math, but isn't that a skyrocket JUMP of 1.9%?
The EU didn’t want to deal fairly with the US on trade and now they’re paying for it.
Serves them right!
MAGA!!!
Mass-immigration is supposed to have led to economic success.....right?
See how great things are going to be in a recession.
All those Moslems that were being imported to work in German factories collected welfare and ran rampant instead, while more and more of the natives retired.
Guess we know why Merkel decided to leave.
Read in the WSJ that the reason for the collapse is environmental regulation. Apparently they finally decided to enforce them and the auto companies weren’t prepared.
American businesses can fill that gap!!
Ifo business climate index trending down
https://tradingeconomics.com/germany/business-confidence
ditto GfK consumer confidence
https://tradingeconomics.com/germany/consumer-confidence
But these could be warning of a mere slowdown (slower growth) than a recession (actual decline).
The German economy has been a bit erratic since the Financial Crisis of 2008 mainly because of adjustment problems among her trading partners. There was a modest recession following the crisis. Then, a few years later, the second shoe dropped when the European Central Bank’s plan to restore normal conditions failed in the countries of the southern tier of Europe. I jury is still out as to whether the euro and even the EU itself will survive these tough times.
Weren’t they just crowing about how well their economy was doing?
Wonder how much Iran sanctions, if anything, have to do with those numbers....