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The German economy has long been rooted in the country's industrial prowess. But with energy prices skyrocketing, many companies face a murky future. Some have begun considering relocation, highlighting a possible long-term threat to the country's business model.
Peter Adrian, head of the Association of German Chambers of Industry and Commerce (DIHK), is reportedly coming to grips with the fact that Germany will collapse without Russian energy. It was all [...]
The first German companies have begun throwing in the towel and consumption is collapsing in response to the fallout from exploding energy prices. The economy is sliding almost uncontrolled into a crisis that could permanently weaken the country.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Economy minister says ‘demand shock’ must be addressed, as economists raise fears of recession