Germany’s economy is in deep recession Economist.
According to the authors of the article, the future of the German economy is bleak because of bureaucracy, outdated business models and dilapidated infrastructure.
“Today, (German economy. – socialbites.ca) has just experienced the third quarter of a recession or recession and may be the only major economy to shrink in 2023. Problems are not just here and now. According to the IMF, in the next five years, Germany will grow more slowly than the United States, Britain, France and Spain.
The author recalled that almost a quarter of a century ago, Germany was called the “sick man” of Europe and has regained this status today.
Before that Reuters reportedHe said that as of the end of July, German authorities had spent about 18 billion euros on the implementation of measures to limit gas, electricity and heating prices.
Formerly an economist warned Kiev on the risks associated with the growth of foreign debt.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.