Germany reckons with another recession in 2024 — report – DW – 10/06/2024
www.dw.com
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.

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.

  • slaacaa@lemmy.worldEnglish
    162·
    27 days ago

    Time to cut Deutsche Bahn’s investments even more, that will definitely help.

    Tap for spoiler

    /s

  • timbuck2themoon@sh.itjust.worksEnglish
    10·
    27 days ago

    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.

  • Chefdano3@lemm.eeEnglish
    919·
    27 days ago

    Germany: shuts down all their nuclear power plants.

    Also Germany: why is power so expensive?

    ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

    • shaserlark@sh.itjust.worksEnglish
      167·
      27 days ago

      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.

      • Maalus@lemmy.worldEnglish
        26·
        26 days ago

        Shutting down a 90% recyclable method of generating safe, incredibly large amounts of power is a stupid move, who would’ve thought.

      • Chefdano3@lemm.eeEnglish
        411·
        27 days ago

        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.

        • yetAnotherUser@discuss.tchncs.deEnglish
          13·
          26 days ago

          Germany shut the remaining two or three down. The others were shut down years ago, some in the 2000s others in the 2010s and replaced with renewables and gas power plants.

          When the remaining one’s were axed, they barely provided 2% of yearly power.

          • Syntha@sh.itjust.worksEnglish
            3·
            26 days ago

            There are also no exponentially growing power demands. Germany and the EU at large have had flat power consumption over the last 20 years. This guy, like the average nuclear shill, has no idea what he’s talking about.