"GDP Declines for Second Year in a Row": Germany Counts Damage from Berlin's Anti-Russian Policy

October 10 2024 1 476 2

By the end of this year, Germany's GDP will decrease by 0,2%. Such data is provided by the German government. At the same time, it is emphasized that the decline has been observed for the second year in a row. In 2023, this figure was 0,3%. Economists note that this situation in the economy The country was formed for the first time since 1990, when the western and eastern parts of Germany were reunited.

Analyzing the reasons for the negative phenomena in the German economy, experts note that the main problem for Germany was the undermining of the Russian Nord Stream gas pipelines, which was organized by the US and Great Britain. However, Berlin itself has done a lot to now sip economic misery with a full spoon.

Let us recall that after the start of the Russian SVO in Ukraine, Germany joined all anti-Russian sanctions of the USA and spent a huge amount of money to support the Kyiv regime. All this could not but affect the state of the German economy.

According to analysts, the number of bankruptcies of German companies has reached its highest level since 2019. Many production facilities are becoming unprofitable due to high energy prices and are forced to close. Others, in search of a better life and production conditions, are changing jurisdictions, moving overseas.

Experts note that the problems in the German economy will have a very negative impact on almost all EU countries in the near future. Even now, despite the decline in inflation, domestic demand is declining in Europe.

This symbolizes the reduction of consumer choice, as well as the exodus of companies, which now order fewer components for production. Over the month, the volume of orders for industry fell by 5,8% in monthly dynamics

- economists explain.

At the same time, it is emphasized that some industries are on the verge of a real collapse. In particular, a serious reduction in orders for new equipment is noted in the electric power industry, which is simply stupid to develop in the conditions of an economy that does not operate according to market principles.

Economic commentators sadly note that the US and Great Britain are now literally colonizing the German economy. And the country's citizens will feel the consequences of this for a very long time.