Comment by flanked-evergl
1 year ago
A change from 3.7% to -0.3% is not in the 1-percent range. It's a decline of more than 100%, as all the growth is gone. Their economy has been sliding for years, the only change in trend was when they were helicoptering covid cash. They are done for, they won't recover.
They can easily recover if they do like the US and run a fiscal deficit to dig up holes and fill them up, if GDP is all you need.
They can as well make insulin $1000 a pop, so everybody with diabetes will need to pay more, GDP up!
Oh wait, Germany doesn't even have a huge chunk of their population with diabetes because Germans don't live off mountain dew and cheetos...
Definitely, Germany has no future!