It’s been just reported that Germany has entered a recession. Here are the latest details about the matter below.
Germany enters recession
Germany officially entered a recession in the first quarter of 2023. “According to the German statistics office on Thursday, Q1 2023 GDP (gross domestic product) was revised lower from zero to -0.3%. This followed a 0.5% decline in the last quarter of 2022. A technical recession occurs with two consecutive quarters of negative growth,” Watcher Guru notes.
Pressure has been mounting on Germany, the biggest economy in Europe, especially in the wake of Russia’s invasion of Ukraine. Germany, like many other European nations, was greatly dependent on Russia for its energy needs.
“Germany did fall into recession at the end of last year.”
Will Germany rebound from all this?
According to Vistesen, the German GDP will not continue to fall. However, we will not see a
“strong recovery either.” Franziska Palmas, on the other hand, believed that we may see “further weakness from here.” Palmas is a senior Europe economist at Capital Economics. Palmas further said that “higher interest rates will continue to weigh on both consumption and investment.” It’s also important to mention the fact that he added that exports may suffer amid economic weakness.
You can check out more official data in order to learn more details about this.
More breaking news from around the world
There’s an interesting video around on Twitter, showing Romanian Calin Georgescu, ex UN, WEF insider talking about all kinds of interesting issues today. Check out the latest reports about mind-blowing matters below.
The United Nations and WEF insider, Calin Georgescu in conversation with Attorney Reiner Fuellmich reveals the Elites, Bankers, Oligarchs agenda, Transhumanism, and World Control by paying a lot of figures that we know today to be leaders, who in fact are just pions.
You can see the video here on Rumble.
Someone commented the following:
“I was worried that we, the ordinary people of the world, were going to be taken over by the globalist oligarchs and turned into their slaves. While this is still possible, I believe that enough of us are waking up that we can beat these evil greedy groups. I am delighted to see the development of those who believe in a multi-polar world, through groups such as BRICS. The middle east is coming together and beginning to look like a cohesive bloc of like-minded countries, along with Africa and Asia and they are more than half the world’s population. They appear to be rejecting the US/UN, WEF one world government system. The financial power of the US is being seriously challenged and appears to be in a real state of decline. Looking at the world, it seems that the west, US, Europe and a couple of countries such as Australia and Japan all that support the oligarch’s dream. However, now is not the time to relax, it is the time to work together to beat the evil dystopian world we are being offered by the globalists.”