German Economy Will Be In Recession By 2023, Economy Minister Says

While our turtleneck star, Percy’s shining light, sees growth in the current year and next, unlike sister Anne, in Germany they are a little less happy and less “happy in Greece” on the optimistic side of growth. .

In fact, they do not believe in growth.

It must be said that without Russian gas pipelines, running the big factories in the Ruhr by trampling German ecologists with sauerkraut is no easy task.

As a result, on the development side, it will be more-so, and vice-versa.

Haebeck says the German economy will enter recession in 2023

The German government said on Wednesday it expects Europe’s largest economy to fall into recession in 2023 due to an energy crisis, rising prices and disruptions to supply networks, confirming information from Reuters.

The German economy is expected to contract in the third and fourth quarters of this year and in the first quarter of 2023, Economy Minister Robert Habeck said.

The German government now expects GDP to contract by 0.4% in 2023, whereas it previously predicted growth of 2.5%.

Ha, yes everything is the same.

They go from a 2.5% growth forecast to a 0.4% recession.

Or a slight 3% difference with a ladle.

And if not, Bruno Turtleneck, your budget projections? Ha, yes, France is not the same. As everyone knows, it is true that “coronavirus crisis in China will have only 0.1% impact on French growth”.

Hahahahahaha. Still laughing until I cry.

My Bruno, being a minister is hard, hard, you have to leave Carabistovilles all day and agree to pass for a big-brained invertebrate mollusk (a fool), I have a kind thought for you. It’s already been 5 years since swallowing snakes. Indigestion awaits. Rapid, life-saving transfer to the IMF.

See also  Between Madrid and Buenos Aires, a diplomatic spat escalates - liberation

Charles Channott

“This is a ‘pressslip’ article, that is, if you continue to reproduce this paragraph without reproduction in whole or in part. Insolentiae.com is the site where Charles Channat expresses himself daily and provides unbiased and uncompromising analysis of economic news. Thank you for visiting my site. www.insolentiae. You can subscribe to the daily newsletter for free at com. ยป

Source via Reuters news agency Boursorama.com is here

Leave a Reply

Your email address will not be published. Required fields are marked *