The German Chamber of Commerce and Industry (DIHK) has issued a cautionary forecast, indicating a projected 0.5 percent contraction in the German Gross Domestic Product (GDP) for 2024. This forecast stems from persistent negative sentiment within businesses, signaling ongoing economic challenges. DIHK's Managing Director, Martin Wansleben, underscores the significance of this decline, highlighting its rarity in post-war economic history.
21 sats \ 3 replies \ @BlokchainB 21 Feb
Sad to see
reply
100 sats \ 2 replies \ @TomK OP 21 Feb
and the worst thing about this decline is: we haven't seen anything yet! the collapse of tax revenue and the welfare state mass unemployment all these beautiful little blossoms that socialism drives still await us
reply
21 sats \ 1 reply \ @BlokchainB 21 Feb
And my one German friend is completely oblivious to this
reply
50 sats \ 0 replies \ @TomK OP 22 Feb
Of course... it's the MSM
reply
0 sats \ 0 replies \ @koqoo 21 Feb
š„
reply
0 sats \ 0 replies \ @erict875 21 Feb
šØ
reply
0 sats \ 2 replies \ @Coinsreporter 21 Feb
Is it declining in Fiat or Bitcoin? If it's declining in Fiat, I don't worry a bit.
If it's declining in Bitcoin, that's impossible.
reply
32 sats \ 0 replies \ @TomK OP 21 Feb
it is shrinking in the production of the goods and services that citizens demand. that is the point when i talk about recession processes
reply
21 sats \ 0 replies \ @Undisciplined 21 Feb
Bitcoin is an appreciating currency. If it's declining in fiat, then it's declining more in Bitcoin.
reply
0 sats \ 0 replies \ @Karlm 21 Feb freebie
šš