Germany on the abyss: Economy breaks records of the crisis!

Germany on the abyss: Economy breaks records of the crisis!

Düsseldorf, Deutschland - The dark clouds have contracted over Germany! The state of the German economy is catastrophic, worse than ever since the foundation of the Federal Republic of 1949. A new study by the total metal association reveals explosive details that literally force each optimist. And the bitter truth? There is no rescue in sight, such as Image reported.

Germany is in a recession that the overall metal president Stefan Wolf refers to the "Scholz-Habeck recession". The nation has taken a constant loss of prosperity, and the gross domestic product (GDP) is 6.5% below the decades of growth trend. This means loss of over 270 billion euros annually, or the equivalent of 3,200 euros per citizen!

No prospect of improvement

The study shows that the poor location conditions contribute significantly to the crisis. And now that the calendar leaf turns to December 2024, it says: The Situation could still deteriorate! The forecasts for 2025 are further corrected downwards, and the economy has been in its longest phase of weakness since the dark days of the financial crisis.

A glimmer of hope? None. Professor Jens Südekum, economist and government advisor, describes the situation as a profound structural crisis. The export -dependent German economy can no longer hope for strong demand from abroad. The cold wind that opposes the German economy is increasing due to geopolitical tensions, especially between the USA and China.

call for drastic changes

Stefan Wolf demands drastic political reforms to save the once strong location of Germany. Bureaucratic hurdles have to be broken down, taxes are reduced and social security contributions are capped. Added to this is the demand for an "turnaround in education" to set the course for a better future.

It is high time that the federal government is. A fundamental change of policy seems inevitable to avert the impending economic downfall. This downward trend can only be broken through drastic measures.

But time is urged, because like Image also emphasized, the geopolitical storm, which rages between the USA and China, should further exhilarate the crisis and bring the future of the German economic model in a serious danger.

In this dark hour, Germany hopes for a miracle - because the alternatives look darker than a rainy autumn day!