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Chainleft
@chainleft
German economy is really struggling recently. On average, households are ~$2,600 worse off per year than before 2022, which led to far right gaining ground in the country. Reasons highighted are: - Giving up cheap energy (primarily sanctioning Russia but also denuclearization) - Deindustrialization - China competition https://www.bloomberg.com/news/features/2024-12-15/germany-is-unraveling-and-the-decline-threatens-to-become-irreversible
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Augustvscaesar.eth
@augustuscaesar
Germany has been staving off the deflation for quite some time. Just like China, they are suffering from sustaining a structural trade surplus for so long. Things have to begin rebalancing or they have to print a shit ton of money.
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