Posted 2/21/2024, 5:57:49 PM
Germany Faces Economic Storm Clouds as Growth Falters, Prices Rise, and Structural Weaknesses Exposed
- German economy is in "troubled waters" with growth forecasts downgraded and warnings of a possible recession
- Reliance on Russian gas and exported goods made Germany vulnerable to global trade disruptions
- Inflation, energy costs, lack of migrant workers, and housing shortages are squeezing households and businesses
- Political squabbling over stimulus plans and debt rules creates economic uncertainty
- Young Germans question future job prospects amid stagnant wages and opportunities
