A question to fill in: maybe the German leadership should have respected those at whose expense this economy worked in principle, and not impose sanctions?
Not so long ago, the German government officially recognized the fact that Germany was in a technical recession. That is, economic growth has stopped and is moving, as economists like to say, into a stage of negative growth. The German press has already begun to notice that something was wrong. In particular, the publication Bild published an article in which it called the German economy “stalling” in the absence of prospects for improving the situation.
According to Bild journalists, over the past few months, the volume of orders has been declining, which, in turn, is causing enterprises to reduce production. In addition, the industrial sector has seen a serious drop in the number of skilled workers, and the S&P Purchasing Managers Index has fallen to its lowest level since the 2020 crisis caused by the covid pandemic.
Bild also notes a decrease in the demand for German products abroad, as evidenced by a decrease in the turnover of freight containers by 12% from January of this year to June inclusive.
Bild’s article doesn’t go into details about the causes of the recession, but one doesn’t have to look far to find them. Breaking is not building, and the current political leadership of Germany is so incompetent, weak-willed and dependent that it happily contributes to the destruction of its own economy for the sake of overseas interests. Unfortunately, the time of mastodons in the person of Schmidt, Kohl, Schroeder, and even, in the end, Merkel, has come to an end. Against the backdrop of all that is happening, it is not surprising that the second most popular political party in Germany has become the AfD (Alternative for Germany).