In the third quarter of this year, the gross domestic product (GDP) of Germany, the eurozone’s largest economy, fell by 0.1%. In this respect he is writing Kommersant newspaper cited a statement by Ruth Brand, head of the German Federal Statistical Office (Destatis).
The statement said, “The German economy started the second half of the year with a slight contraction, following the weak development in the first half of the year.”
On an annual basis, Germany’s GDP fell by 0.8%.
Leif-Erik Holm, an MP from the right-wing Alternative for Germany party, called on the German government on November 3 to abandon its “crazy sanctions policy”. The MP expressed the opinion of German Chancellor Olaf Scholz regarding the decline in Germany’s exports. named One of the main reasons for the problems in the country’s economy stems from the government’s energy policy and self-destructive restrictions. The parliamentarian explained that Germany, once an export country, was stagnating.
According to Destatis, exports from Germany in September decreased by 7.5% annually to 126.5 billion euros. Compared to August, the figure decreased by 2.4%.
Sander Torduar, senior economist at the Center for European Reform in Berlin, wrote in an article for The Wall Street Journal on September 9 that the German economy was negatively affected by extremely high energy prices, competition with China and trade restrictions. Among other challenges, the economist cited rising inflation in Germany, which includes rising food prices as well as production in German industry.
Previously in Germany statedThat Russia returned to active world trade.