Business sentiment in Germany is currently plummeting, “on the brink of the abyss” – can Watts do it?
Via P Gosselin
Green-socialist experiment fails. Economists warn German economy is “on the brink” of… “further recession”
Advice: Power outage news
Despite all the rosy promises of a prosperous green economy from the Socialist-Green government led by Olaf Scholz and Robert Habeck – and the promises before that from the CDU government led by Merkel – sentiment among German companies continues to decline sharply.
Germany online FAZ here reports The Ifo business climate index fell to 85.7 points in August 2024, down from 87.4 points the previous month. Pessimism is spreading and deepening.
That’s the lowest sentiment level in three years.
“The current economic downturn is particularly evident in the new decline in the Ifo business climate index, which has left many economists completely baffled. One thing is certain: the economy is in a serious crisis,” Blackout News reports. And: “no one can say exactly how deep the German economy will fall.”
High energy prices, hostile business environment
The current green socialist government has screwed things up so badly, it doesn’t know what to do next.
“The challenges are complex and there is no sign of rapid improvement,” commented Power outage news In short, it is clear that the German economy is currently in a serious crisis.
Several factors are contributing to the bearish business sentiment. First and foremost are high energy costs, which are among the highest in the world – a result of Germany’s failed push to switch to green energy.
War and terrorism are weighing down
In addition, the country’s tight regulation is hostile to free enterprise. Add to that the escalating war in Ukraine, further weakening the situation.
Another sad factor: The uncontrolled influx of refugees from terror- and war-torn countries into Germany, all of which has led to a rapid increase in violent crime like the recent one. witnessed in SolingenPeople fear for their safety and lose confidence in the government’s ability and willingness to protect them.
It’s not just business sentiment that’s plummeting. trust in government. Unfortunately, real change remains elusive in the near future.
Germany is sinking into pessimism and fear, with little hope left.
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