The German economy is facing headwinds as recent data shows a sharp decline in economic activity. September's Purchasing Managers' Index (PMI) dropped to 47.2, indicating contraction across both manufacturing and services sectors.

Manufacturing took the hardest hit, with its PMI plummeting to 40.3, while services barely held above water at 50.6. New orders saw their steepest decline in nearly a year, leading to accelerated job cuts and pessimistic business outlooks.

The manufacturing recession is now spilling over into the previously resilient service sector. This crisis is the result of Germany falling into a trap of de-growth and green-socialist interventionism. And it's only the beginning...