The German economy came to a halt. At the same time, he writes that the country has no quick way out of this situation Wall StreetJournal.
The publication came to such conclusions after it became known that Germany’s GDP contracted by 0.3% at the end of 2023. According to the WSJ, the slowdown of “Europe’s locomotive” calls into question its ability to provide support to the governments of other countries on the continent.
Additionally, analysts suggest that Germany will face new economic threats in 2024. These include the potential collapse of the real estate market and the consequences of the destruction of the trade route across the Red Sea.
Last week the German container ship Hapag-Lloyd reported About multimillion-dollar additional costs caused by changes in routes crossing the Red Sea due to numerous attacks on ships by the Houthis.
Previously, the situation regarding transit in the Red Sea appreciated At Sovcomflot.