Germany’s Economic Crisis: German Economy Shrinks In 2024 | Key Insight & Analysis

Germany’s Recession: Why Europe’s Biggest Economy is Shrinking in 2024

Germany’s economy is in a full recession, and experts predict it will shrink throughout 2024. From sluggish industrial production to soaring energy prices, we dive deep into the key factors driving this economic downturn. What does this mean for Germany, Europe, and the global economy? In this video, we’ll explore the reasons behind the contraction and the potential impact on jobs, inflation, and future growth. #germaneconomy #germany #economicupdates #eu #recession

[Joshedit]

I live in Germany and I’ve travelled across the country in the past years from North to South and East to West of the nation.

One thing is clear, SME are shutting down in hundreds across the country.

Germany scored three own goals against itself at the expense of the citizens and residents.
1) Blindly support the war in Ukraine (not like they have a choice considering the US military bases in the country)

2) Neglected innovations:Germanys IT infrastructure is archaic, more like medieval. Every makes excuses for the dilapidated state rather than fix it.

3) Shut down the only functional nuclear power plant: Who shuts down a power plant that generates electricity only to turn around to buy LNG at fours times the price from USA?

Make it all make sense.

[lukastanic]

When Germany has problems Europe has problems ..