How the German economy went from bad to worse

I t was with Teutonic understatement that Robert Habeck noted economic conditions were “not satisfactory”. Germany’s economy minister was speaking on October 9th, just after official forecasts for the year had been revised from growth of 0. 3% to a contraction of 0. 2%. This would follow a 0. 3% decline in output last year, meaning that Germany faces its first two-year recession in more than two decades.

Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all

The debate about “uninvestibility” obscures something important

Unsold homes are contributing to a balance-sheet recession

Only the poorest can expect help to cushion the blow

Protectionism hasn’t been this respectable for decades

Especially when the quality of statistics is deteriorating

https://www.economist.com/finance-and-economics/2024/10/15/how-the-german-economy-went-from-bad-to-worse

A source: www.economist.com/finance-and-economics/2024/10/15/how-the-german-economy-went-from-bad-to-worse