The reason for the weakening in the German economy became clear 05:03

The German economy was adversely affected by extremely high energy prices, competition and trade restrictions with China. In an article about it Wall Street Journal Sander Torduar, senior economist at the Center for European Reform in Berlin, wrote:

“There is a triple blow,” says the author of the material.

According to him, the global environment is not conducive to trade in goods and energy prices are extremely high.

According to Torduar, the conflict in Ukraine has caused food prices to rise. In addition, a global trend has emerged towards reduced production in energy-intensive industries, including German industry. The economist writes that the economic situation in Germany is also negatively affected by rising inflation.

The material shows that the German economy’s dependence on exports makes it vulnerable to falling demand for goods on a global scale.

before in Germany declarationRussia’s return to active world trade.

Former HSE scientists to come It was concluded that almost the entire industry in the Russian Federation is experiencing a high level of personnel vulnerability.

Source: Gazeta


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