Skip to main content

Officially, Germany Falls Into Recession.


The German economy was in recession in early 2023 after household spending in Europe's economic engine finally succumbed to the pressure of high inflation. #News #Reuters #newsfeed #germany #economy #recession Subscribe: Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: Follow Reuters on Facebook: Follow Reuters on Twitter: Follow Reuters on Instagram: ...(read more)


BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Germany, one of the biggest economies in the world, has officially entered into a recession. The country's economy has been heavily impacted by the COVID-19 pandemic, with a drop in exports and investments being the main factors behind the decline. Germany's gross domestic product (GDP) in the second quarter of the year shrank by 10.1%, the biggest contraction since quarterly GDP calculations began in 1970. This follows a 2.2% drop in the first quarter, officially putting the country into a recession. The German government had been anticipating the downturn as the country went into lockdown to contain the spread of the coronavirus. The manufacturing and export sectors, which are critical to the German economy, were particularly affected by the pandemic as global supply chains were disrupted. The decline in German GDP is also a reflection of the damage the pandemic has caused to the global economy, with other major economies such as the United States and Japan also entering into a recession. The German government has implemented a range of measures to support the economy, including a €130 billion rescue package announced in June. The package provides support for small and medium-sized businesses, stimulus measures, and investment in infrastructure. Despite this, there are concerns about the lasting impact of the recession on the German economy, particularly with the ongoing uncertainty around the pandemic. The German government has warned that it is likely that the country may see continued economic decline in the third quarter of the year, but hopes the worst of the crisis is now over. The recession in Germany is also a reminder of the need for global cooperation to address the economic impact of the pandemic. Countries around the world are grappling with similar challenges and will need to work together to create a sustainable recovery. In conclusion, it is clear that Germany, like many other countries, has been heavily impacted by the COVID-19 pandemic. While the government has implemented measures to support the economy, the impact of the recession will be felt for some time. It is critical that all countries work together to address the economic challenges posed by the pandemic and focus on creating a sustainable recovery for all. https://inflationprotection.org/officially-germany-falls-into-recession/?feed_id=104651&_unique_id=647e03070a4f0 #Inflation #Retirement #GoldIRA #Wealth #Investing #Bloomberg #breakingnews #business #Finance #headlines #Markets #marketstoday #news #newstoday #reuters #reutersyoutube #thomsonreuters #TopNews #World #RecessionNews #Bloomberg #breakingnews #business #Finance #headlines #Markets #marketstoday #news #newstoday #reuters #reutersyoutube #thomsonreuters #TopNews #World
Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance​ #Annuity​ #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...
Post a Comment
Read more