45 sats \ 2 replies \ @duvel 5 Jul \ on: German Industry Faces Steep Decline Amid Policy Crisis econ
I'm shocked that you mentioned a depression, because of the severity. Could this spread to the rest of Europe? With regard to the depression, shouldn't it at least last several years before to call it a depression?
It is difficult to read reality from the fog of economic data published mostly by government organizations. but we do know: government debt is rising, inflation has been very high, in Germany industry has reduced its production volume by over 13% in two years - to me this all points to an economic depression, even though the government is running massive government demand programs to cover this up.