Is that from the same guy who wrote “Fear and Loathing in Las Vegas?”

Debt and precarious stagnation in the EU and Germany” sounds like a good read too.

Europe faces mounting fiscal strain as Germany pivots toward debt-financed spending to maintain political support…

The public has now lost faith in traditional muddling through and demands drastic changes.

This report focuses on Europe, where the economic situation has worsened considerably in recent years. Several countries on the old continent have become more vulnerable to shocks, and imbalances have piled up. Moreover, leaders have demonstrated an inability or unwillingness to address structural problems, yet they are all too eager to haughtily break their electoral promises, swim with the tide and gather consensus through frantic lawmaking in the name of emergencies, fairness and social justice.

Sorry, we’re only firing at the moment

Hiring war gestern (was yesterday).

German companies’ hiring plans drop to four-year low, Ifo finds – German companies are less willing to hire new staff than at any point in more than four years, data from the Ifo institute showed on Monday, as weakness in Europe’s largest economy has left its mark on the country’s labour market.

Ifo’s employment barometer fell to 93.7 points in October from 94.0 points in September, the lowest level since July 2020.

Economy shrinks, inflation expands…

Sounds just like back home in US-Amerika. What’s not to like?

German economy unexpectedly shrinks, inflation ticks higher – The German economy unexpectedly contracted in the second quarter after skirting a recession at the beginning of the year and July’s inflation rose, showing the continuing struggles of the euro zone’s biggest economy.

Germany’s gross domestic product contracted by 0.1% in the second quarter compared with the previous three-month period, preliminary data from the statistics office showed on Tuesday.

If it looks like a recession, swims like a recession, and quacks like a recession, then it’s probably…

A fourth straight quarter of zero or negative growth.

Germany likely in recession, Bundesbank says – Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe’s biggest economy.

Germany has struggled since Russia’s 2022 invasion of Ukraine pushed up energy costs, and its vast, industry-heavy economy is now in its fourth straight quarter of zero or negative growth, weighing on all of the euro zone.

Other than that, though…

Germany’s economy is doing just fine.

Germany’s economy is on shaky ground and glimmers of hope are few and far between – Good news has been sparse for the German economy. And the latest economic data has not done much to change this.

A few key 2023 data points, namely factory orders, exports and industrial production, were out last week and indicated a weak end to the year that saw questions about Germany being the “sick man of Europe” resurface.

We couldn’t have gone into recession without you

Without you not being here – about 20 sick days a year.

A study says that in 2023, 5.5 percent of German employees were absent every day due to illness. Sickness-related absences caused 26 billion euros of damage in 2023. Without them, Germany would not be in recession.

“At least for 2023, Germany will be the ‘sick man’ in the truest sense of the word, whose economic performance will be significantly more affected by the wave of illness than in other countries.”

We’re number one!

At saving the planet.

Too bad we’re destroying ourselves in the process.

Strike one: Germany’s nuclear phase-out.
Strike two: Its self-inflicted energy dependency on Russia.
Strike three: Still believing that renewable energy can run an industrialized country.

Green energy prices are killing German industry right before our very eyes.

Germany predicted to be the only major European economy to contract this year as recession lingers – The German economy has struggled in the wake of Russia’s invasion of Ukraine, with Berlin having to, very quickly, end years of energy dependency on the Kremlin. The International Monetary Fund said in July that Germany would likely contract by 0.3% this year.

Slowcession?

Is that like shrinkflation?

Because Germany is definitely suffering from that.

Is Germany’s great economy sinking into ‘slowcession’? Key data this week will offer a hint as to whether the eurozone’s powerhouse can shake off recent stagnation.

Engine of the eurozone, industrial powerhouse, export world champion – just some of the ways Germany’s economy has been described over the years.

However, recent figures have indicated that the good times have come to an end, with Europe’s largest economy stuck in recession.

German Of The Day: Schrumpfen

That means to shrink.

You know. As in the Sick Man of Europe? The Incredible Shrinking (or was it Sinking) Country?

German Economy Shrinks Faster Than Expected – It’s a rare thing to happen, but Germany now looks like the sick man of Europe, a phrase previously often used to describe Britain.

The health of the business sector dropped significantly in June, according to recent data. The Ifo Business Climate index for Germany, which measures the health of the commercial sector, registered 88.5 in June, down from 91.5 in May. Higher numbers show economic strength, whereas lower ones show a weakening of the economy.

Speaking of sinking…