That means weak link. I could also mean limp member, but let’s not go there.
Weak. You know. Like the German economy?
From Europe’s powerhouse to its weak link: Germany’s economy stutters – Economic model that depends on exports has been hit by a series of external shocks.
Germany is experiencing a squall of shocks that are darkening its economic outlook. Along with soaring inflation, persistent supply chain problems and weaker global demand are weighing heavily on its industrial sector.
“What’s most worrying is just how broad-based the weakness in the economy is,” said Clemens Fuest, head of the Ifo Institute, a think-tank. In previous downturns, services suffered but industry recovered, and vice versa. “But now we’re seeing weakness across the board.”
That means lowest level. You know, like the current 23-year low in German car production?
German car production fell to its lowest in almost a quarter of a century as Europe’s biggest economy suffers from the fallout of a global trade war.
Automakers including Volkswagen AG, BMW AG and Daimler AG produced 4.66 million vehicles in German factories last year, the weakest since 1996. The country’s VDA car lobby, which published the figures on Monday, said the 9% decrease was a result of waning demand from international markets.
The industry is set for more tough times this year. The VDA predicted global car deliveries will drop to 78.9 million vehicles from 80.1 million in 2019.
The great German beer crisis? Demand is falling, people. And I can only drink so much on my own.
Demand is falling in a country where there are more than 6,000 different brands of beer. The theory goes that you could drink a different one each day for more than 16 years without having to taste the same one twice. In fact, today fewer Germans regularly drink beer at all. Since the early 1990s, domestic consumption has dropped by more than a quarter. Consumption per head peaked in 1976 and has been falling ever since. The result has left mass-market brewers suffering from overcapacity and fighting a long-running price war. More than two-thirds of all the beer sold in supermarkets is offered at a discount.
“How is it that one of the world’s biggest export nations, and one so obsessed with beer quality, fails to woo international drinkers?”
They never promised you a rose garden (actually, they did). It looks like Germany’s Energiewende (the energy turnaround = shutting down nuclear power and waiting for solar and wind energy to pick up slack) is going to have its price, too.
And it looks likes the first installment will by about a seven percent increase in energy costs for private housholds. But Germans pay these increases gladly, I think. At least for now (seven percent is just the start, of course). It’s back to the future. It’s for the common good. Or it’s for saving the planet or something.
Uh, like why don’t they just have “the state” pay for it. Oh, that’s right. They already are (the taxpayers are, that is).
Stromtrassen, Umschlagwerke oder intelligente Stromzähler kosten den Staat Milliarden. Draufzahlen muss am Ende oft der Verbraucher – offenbar bis zu sieben Prozent in den kommenden Jahren.
Observing Hermann 