Economic downturn - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Tue, 28 Jan 2025 23:45:13 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Economic downturn - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Germany stuck in ‘deep economic crisis’ as major industry lobby predicts longest downturn since 1990 reunification https://www.garnertedarmstrong.org/germany-stuck-in-deep-economic-crisis-as-major-industry-lobby-predicts-longest-downturn-since-1990-reunification/?utm_source=rss&utm_medium=rss&utm_campaign=germany-stuck-in-deep-economic-crisis-as-major-industry-lobby-predicts-longest-downturn-since-1990-reunification Tue, 28 Jan 2025 23:45:13 +0000 https://www.garnertedarmstrong.org/?p=47099 Germany is stuck in a deep economic crisis amid a structural break that the country’s leading industry lobby predicts will lead to the most protracted downturn since reunification nearly 35 years ago. The Federation of German Industries (BDI) forecasts the German … Read More

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]]> Germany is stuck in a deep economic crisis amid a structural break that the country’s leading industry lobby predicts will lead to the most protracted downturn since reunification nearly 35 years ago.

The Federation of German Industries (BDI) forecasts the German economy to contract by 0.1% in 2025. That would follow a 0.2% decline in 2024 and a 0.3% contraction in 2023. According to the BDI, Germany’s expected contraction this year is in contrast to projected growth of 1.1% for the European Union.
“Industrial growth, in particular, has suffered a structural break. Order books remain empty, machines are standing still, companies are no longer investing—or at least not in Germany,” said BDI president Peter Leibinger. “I cannot remember such a bad mood in industrial companies.”
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Source: https://fortune.com/europe/2025/01/28/germany-stuck-deep-economic-crisis-major-industry-lobby-bdi-predicts-longest-downturn-since-1990-reunification/?utm_source=search&utm_medium=suggested_search&utm_campaign=search_link_clicks

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