The German Federation of Industries (BDI) has lowered its economic forecast for this year, now expecting a 0.4% decline in economic performance, according to its latest quarterly report. After a recession in the winter, the German economy remains stagnant. Growth impulses from foreign trade have weakened, with a projected decline in exports by 0.5% and imports by 1.5%. There has been a noticeable drop in exports to China and the USA. The German economy is no longer benefiting as much from global trade as before the onset of the Ukraine war.
Took them all some time but now they're waking up to reality...
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21 sats \ 0 replies \ @faithandcredit 13 Sep 2023
The moronic policies of the last couple decades in EU has not even begun to be felt the consequences off. I mean it goes without saying that phasing out nuclear power is a vote for african living standard. You may laugh, and think im crazy, but EU is the new Africa, the policies are already in place, it just a matter of time now. Slowly but surely they going to become poor and desperate af.
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0 sats \ 2 replies \ @john_doe 14 Sep 2023
When you say "they're waking up", do you mean German politicians in the newspapers or a lot of people around you?
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10 sats \ 1 reply \ @TomK OP 14 Sep 2023
Maybe I am too optimistic but I am talking to a lot of people that are mentioning words like ''inflation, WEF or clown flue'' by themselves. Politicians are following their path. Together with the media they have no incentive to change course until now.
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0 sats \ 0 replies \ @john_doe 15 Sep 2023
Interesting. We will see I guess.
Recently I listened to a live of Team Black Sheep on YouTube (a good company which tries to inovate in the area of electronics for drones). One is from Austria and said that he returned there to see his family and old friends. He said that the German speaking countries are becoming totally insane with their earth propaganda based policies and it is becoming like extreme ideology. In Hong Kong for example he doesn't care much about the electricity usage but apparently over there these kind of things are big stories. He said also that they take a weird pride of being ahead of that like before the second world war during the thirties.
I always ignore these kind of stuff but since I am a KDE user I began to see things about energy consumption (by the way I am totally open and in favor of better and efficient usage of RAM just that the way it is announced seems based on this climate trend).
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0 sats \ 7 replies \ @carlosfandango 13 Sep 2023
Too late to reverse? Not sure they would even know how against the current EU backdrop..
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545 sats \ 6 replies \ @TomK OP 13 Sep 2023
No. They are trapped. More climate regulation (Davos destruction) coming this year. The last hit has been the heating ''act'' - devastating for all except the new growing ''subsidy industry'' that's part of the new political construct of ''rainbow stalinism'' like I call it.
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101 sats \ 1 reply \ @shyfire 13 Sep 2023
Rainbow stalinism. Very apt.
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100 sats \ 0 replies \ @TomK OP 13 Sep 2023
Or ''green-woke clown cult''
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1 sat \ 3 replies \ @carlosfandango 13 Sep 2023
Thank you - I do read your updates on Germany with interest (and dread).
Interesting comments I heard last week about the Inflation Reduction Act in New York - by promoting green policies and renewables they have pushed up the prices of supplies required to build wind farms etc and thereby increasing inflation… couldn’t make it up.
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10 sats \ 2 replies \ @TomK OP 13 Sep 2023
I think that's a feature not a bug. Preparing the Great Reset by crushing the middle class....
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0 sats \ 1 reply \ @carlosfandango 13 Sep 2023
…and ground between the millstones of taxation and inflation..
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10 sats \ 0 replies \ @TomK OP 13 Sep 2023
And the growing parasitic bureaucracy
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