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Germany’s economic model is under “massive pressure” as manufacturers making goods for export face a recession, the Federation of German Wholesale, Foreign Trade and Services (BGA) warned on 4 September after new data showed foreign trade continuing to decay.
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
Europe is dying, not just from yet another calamity of war, but because of the calamity of twisted Western modernity.
In a new ZEW Indicator of Economic Sentiment, investors’ outlook for the Eurozone’s business future plunged 25.8 points to 17.9, the biggest one-month tumble since early in 2020 when the COVID War began.
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Russia announced last week that it will respond “without nerves, without emotions” to the U.S. decision to deploy longer-range missile systems to Germany.
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
The International Court of Justice ruled last week that Berlin can continue to provide weapons to Israel despite an effort by Nicaragua to issue an emergency order to prevent these shipments amid a genocide in Gaza.
Germany announced last week that it will provide Ukraine with €500 million weapons, which is part of the previously announced support budget for Kyiv.
Following an upward turn in December, orders for Germany’s factory goods dropped 11.3 percent in the first month of this year, data from the country’s Federal Statistics Office (FSO) showed.
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