10mo ago

Germany reckons with another recession in 2024 — report

www.dw.com

Germany reckons with another recession in 2024 — report – DW – 10/06/2024

The German government expects the economy to shrink for a second year running and has slashed its forecasts, a leading daily says. An industrial slowdown, lower exports and rising energy costs are seen as the culprits.

9 comments

Time to cut Deutsche Bahn’s investments even more, that will definitely help.
I mean, if they removed or at least upped their dumb debt brake then they could spend to avoid this while making their economy better. But the FDP would never allow such sensibility.
Media Bias Fact Check | bot support
Germany: shuts down all their nuclear power plants.
Also Germany: why is power so expensive?
¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯
- Are we really doing astroturfing for nuclear power on lemmy now?
  I mean tbh not saying you’re a paid shill but this has become so annoying on Reddit that I still have PTSD and really renewables aren’t a price driver but meh I’m not getting into this discussion.
  
  Shutting down a 90% recyclable method of generating safe, incredibly large amounts of power is a stupid move, who would've thought.
  
  No I'm not shilling. Germany literally just recently shut them all down, and now are complaining about rising energy costs sending them into a recession. A problematic move that was predicted by just about everybody, even most germans thought it was a bad idea.
  And now we have this article. Pro nuclear or not, axing a huge chunk of your country's power production in an age of exponentially growing power demands, is definitely not a good idea.

9 comments