Germany Recession Fears: Outlook Is Bleak, Ifo Warns
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- Опубліковано 23 вер 2024
- Germany’s IFO business confidence index fell more than economists expected in September. Ifo Institute President Clemens Fuest tells Bloomberg that the key weakness in the EU’s largest economy remains in manufacturing and its order book. “In any case, the German economy will stagnate,” he said, not ruling out a recession by the end of the year. Fuest spoke to Tom Mackenzie on Bloomberg Television.
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Get ready for the return of the old Europe.
Make a car for the middle class again, easy.
The popularity of the AfD party is a clear indicator that Germany is in big trouble.
Liberalism has nothing to blame but itself
Now you going to put the blame on China for not buying your expensive cars which they have been doing for the last 2 decades. Finally the Chinese are manufacturing their own EVs and you have lost 40% mkt share in China. And they can do it 30% cheaper with so much technology and options ( included ) that it’s impossible to compete.
And you are happy for that
@@brand1986s If you have been making billions of USD every year for so many years in the China mkt and you fail to anticipate what is coming since the Chinese govt announced their EV plans in 2004 , I would call that gross negligence, this wasn’t a secret , you can see factories being built , even designers from German autos being poached and buying of lithium mines all over the world - you didn’t even attempt to to have joint ventures with them. Don’t forget EU has a plan to go EV based on carbon emissions so the autos knew they had to shift part of their production to EVs. And yet you let yourself fall so far behind. I have no pity for such arrogance or over confidence.
@@brand1986s I mean look at Tesla , they have invested a giga factory in SH , the highest producing giga factory , the Chinese welcome investment , open doors to their mkt , the Chinese sell batteries to Tesla, they get the same subsidies. The door was open and is still open.
German economy needs to refresh itself. Things Slow down happens.
Let's pray and hope that all economic indicators released this week and coming weeks will be worse than expected. Let's alos wish that the global economy will continue to weaken. Thanks.
I just wanted to order one T cross, but I will postpone it.
I strongly believe that we need more trade deals between EU and the US.
the US has always been a consumer economy for a long time.
hopefully, Americans would continue to trust and do business with us.
The US have for years both domestically with the inflation reduction act and through their lackey politicians in Europe implemented policies which have made European businesses transfer from Europe to US. A planed and deliberate deindustrialization of Europe lowering living standards and moving capital westward over the Atlantic. This is the trade deals between EU and the US and its working the way its meant to.
Europe treats Americans horribly, uses school shootings as an attack point to feed the European superiority complex. Americas Pivot to Asia happened over a decade ago and is massively paying off. Trade is more than 3x greater than between Asia and Europe. Europe has been on a 20 year slow decline except that slowness is now becoming more rapid. Europe made its bed when it denied what would have been the largest free trade deal in human history but bleached chicken and GMOs got in the way yet CETA (Canada) happened that includes those very things. The Americans tried, Biden has denied all trade deals with Europe for the first time ever. That bed is made. You cant call someone your ally while at the same time treating them like an enemy and this isn't new. 100+ Nobel Laurates signed a document going against the fact that GMOs are worse than pesticides yet the Russian propaganda won the day. Thats the choice of Europeans. Its over.
Under the America first policy what makes you think America wants a reciprocal deal? Furthermore, America already produces many German products cars, chemicals etc. They don't need European products. Deal or no deal don't expect an American hand out.
Yup. Letting China, a systemic rival to western democracy into the WTO with no strings attached was the biggest geopolitical mistake of the century.
@@juandoe2696 I think you got everything backwards. The reason US is importing is because they dont produce themselves. The US has a tradedeficit around 1 trillion dollars a year, and have had a deficit for the last 50 years. The handout have been from europe to the US for the last 50 years 😉
When Ukraine bombed the Nordstream pipeline, as reported, the troubles quickly escalated for Germany.
If Germany wouldn't have taken the oligarch bribes to become gas dependent it would not be a problem in the first place.
that was probably the USA not Ukraine
It's a Russia bot don't reply @@ItiankShorts
@@MultiMenvafan If the US military base were not in Europe, we would not have any issues to begin with. United Asia-Europe continent is the future!
Yep, they lost a source of cheap gas, but they also lost a market to sell their cars.