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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Germany Slips Into Recession As Inflation, Higher Interest Bite (17545 Views)
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Germany Slips Into Recession As Inflation, Higher Interest Bite by ijustdey: 10:03am On May 25, 2023 |
Germany fell into a recession around the turn of the year, official figures published Thursday showed, as inflation and higher interest rates curbed demand in Europe’s largest economy. https://dailytrust.com/germany-slips-into-recession-as-inflation-higher-interest-bite/ 7 Likes 1 Share
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Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by fuckJones(f): 10:11am On May 25, 2023 |
let us blame buhari 53 Likes 4 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by God1000(m): 10:12am On May 25, 2023 |
Some people will mock Germany for its stance on Russia's illegal war in Ukraine But I'm sure they fully prepared for this, that's the price of freedom, Freedom comes at a cost 32 Likes 11 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 10:18am On May 25, 2023 |
The early optimistic forecasts show that the Germans do not have total control of proceedings as things unfold in the aftermath of the Ukraine conflict. Europe's largest economy slipping into a recession is huge problem for the bloc. By the time they crawl out of this recession to compete again, China would have more than filled their vacuum. I mean, obviously the problem is more dire than is in the news. Energy problems are very fundamental, and since Russian cheap energy is history, they might as well accept their new reality. Because, unless oil prices ease up, no seller would decrease the price of energy to them on benevolent grounds for them. Other countries in the EU would soon declare their economic health, and the world would understand how this war in Ukraine has potential changed world order. Funny thing is, the US probably wins it all. They're the only country in the world who can solve their problems by printing currency notes. 112 Likes 7 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by OloyeVIII: 10:20am On May 25, 2023 |
Just print more money! FFS |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by 9jatriot(m): 10:26am On May 25, 2023 |
If you look at the body language of the Germans and their response in the early days, you will know that German is not really into the war. They are just doing it because of solidarity. No sensible world leader believed first that Russia will really attack Ukraine even though the threat was there, and worse off, nobody in his right senses thought that Zenlensky will really want to go head to head with Russia in 2022 when the whole of developed nations are avoiding wars all together. This war has set Europe back many years, but they have no choice, they have to keep supporting Ukraine though. God1000: 19 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by God1000(m): 10:34am On May 25, 2023 |
9jatriot:Yeah I remember the visit of German chancellor to Moscow days before Putin invaded Ukraine. He extended an olive branch to Mr Putin but it didn't work out, several European leaders also traveled to Russia then. They are just trying to avoid the repeat of world war II, Putin's Imperial ambition must be stopped in Ukraine 8 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 10:34am On May 25, 2023 |
OloyeVIII: They would just slip into a depression. Because the cost of goods would skyrocket to high heavens. 15 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by OloyeVIII: 10:38am On May 25, 2023 |
savcy:All these inflation, deflation, oppression, depression bvllshit. I don't understand sh!t, who the fvck invented the economy? 38 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 10:39am On May 25, 2023 |
God1000: What many do not know is that the Ukraine war actually halted a huge plan the EU had to get itself off US influence, and that plan involved integrating Russia into EU affairs. NATO would probably have been disbanded in 10 years time, because EU powers were already getting weary of it and questioning it's continued existence. This war granted legitimacy to NATO, a development which saddens Germany, Hungary, France and Belgium, because they had a plan to create a military organisation that would protect EU interests solely. EU isn't really happy about how the war is progressing. They all want an end to it, either militarily or by negotiations. But they want it to happen now. They're weary of it and just want it to end. The EU still and will always see Russia as a brother. 33 Likes 3 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by God1000(m): 10:42am On May 25, 2023 |
savcy:Lol, how do you integrate Russia into EU affairs? Europe isn't strong enough to protect itself, they need US protection. 3 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 10:49am On May 25, 2023 |
God1000: A potential Russian integration was indeed tricky, but it was achievable. Russia in collaboration with the rest of the EU can protect the EU. 38 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 10:53am On May 25, 2023 |
OloyeVIII: You call what you don't understand BS. Wow! 11 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Parachoko: 10:54am On May 25, 2023 |
See the kin mess EU don let US push her into 90 Likes 2 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by God1000(m): 10:56am On May 25, 2023 |
savcy:You are funny man, my first time of reading something like this. 7 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by OloyeVIII: 10:57am On May 25, 2023 |
savcy:I don't want to! humans and greed, wanting what you don't need brought them to this.. 2 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 11:18am On May 25, 2023 |
God1000: Really? You don't know Russia almost joined NATO at one point? 4 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by 9jatriot(m): 11:20am On May 25, 2023 |
While I agree that Europe was beginning to want to reduce their dependency on the US especially during the time of Trump, I do not think they would want to integrate Russia directly into mainstream. Maybe they would have found a way to live with Russia more as a strategic partner than direct integration. Something tells me that they all think Zenlensky is being foolish but telling him so will mean Russia has won. They just expect him to use his common sense to assess if joining NATO is worth all the death and devastation. I want to believe that they are wondering like what sensible leader watches his infrastructure and people being killed and is still eager to continue the carnage ![]() Leaders that do not mind senseless killings going on are usually found in Africa and Middle East savcy: 21 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by rottennaija(m): 11:35am On May 25, 2023 |
As long as they keep supporting Nazi Ukraine, they can put it to Putin 1 Like |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by rottennaija(m): 11:37am On May 25, 2023 |
savcy: This war is the beginning of the end of NATO. If and when NATO cannot win in Ukraine, and they turn to China and gets obliterated, that will be the end of NATO 34 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Antiochus(m): 11:54am On May 25, 2023 |
God1000: No it's the price of foolishness for being a US vassal. Had they prepared for this it would not have hit them. They wanted to bring Hungary into their foolish suicidal mission but the Hungary President used his head and refused to be a vassal. 35 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 12:02pm On May 25, 2023 |
9jatriot: "Strategic partnership" is the right description. Thank you for that. But Russia was a part of the plan. Can't plan for Europe's prosperity and dismiss Russian influence entirely. The situation with Zelensky you described isn't out of place at all. There was a bit of reluctance from the EU front with providing weapons to Ukraine at the initial stages, and that tells a lot. Even till date, only the US is planning on send F-series jets there, because they have other interests in the war beyond EU's prospects, and the EU knows this. No one is asking why France has been quiet. Most EU countries right now are speaking through Hungary, and asking for negotiations to commence. They don't want the war to continue. They know Russia will pound Ukraine to smithereens regardless of ammunition provided. There's a reason they all fear Russia till tomorrow. The Hungarian PM said it earlier in the week that a victory over Russia in Ukraine is a mirage. Won't happen. Zelensky is doing what he's doing because he knows Russia won't escalate the war unless their border is breached, and they know the US has their backs. I'm neither pro-Russ or 47 Likes 3 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by savcy(m): 12:15pm On May 25, 2023 |
Antiochus: The only country that prepared for this is Russia. Others didn't. Look at the moves Russia has been making in the last one year. I won't call them fantastic, but, damn! Making in-roads in Africa and Asia... Their economy will feel the impact of the respective sanctions, but even that is yet to be seen. The whole world instead is in a strait due to the war. If there wasn't a Ministry of Information controlling MSM, we'd have known the true picture of the economic crisis that's engulfed the world due to this war. 26 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by bassdow: 1:07pm On May 25, 2023 |
savcy: It's very obvious Russia was never prepared for this Conflict. All they wanted to do was scare ukraine into submission, unknown to them, the US + Ukraine, has been preparing for this for over 8-years. As for the moves Russia has been making, I don't know what to say because if they're doing this well, despite not prepared, wonder what would have happened had they been prepared for this 12 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Appleyard(m): 1:17pm On May 25, 2023 |
savcy:That edge of printing unlimited currency notes is also fading rapidly as more and more economies around the world are now disconnecting from the greenback, meaning the more US print more money the more its inflationary hike as majority of that money would eventually finds it way back home to constitute money surplus. 20 Likes 2 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Appleyard(m): 1:33pm On May 25, 2023 |
God1000:It's easier for you to call it Putin's imperial ambition because you lack knowledge of geopolitics. Same ediotic Germany you said traveled to Moscow before the invasion was the one that broke their side of the Minsk Agreement. Melkel and France confirmed that the Minsk 2 was never meant to bring lasting peace but to allow the west time to arm Ukraine to wage war. I guess you didn't read that. This war was always inevitable. It could have been worst if it were some other Russian leader other than Putin that was president. Someone like Medvedev would have rolled up Ukraine like a rug from the very beginning. Good for their economy tanking, they asked for it. When you bite the hand that feeds you, hunger would become your second name. They're so tired now but shame won't let them call it a day, so they will keep digging. And the more they did deeper, Ukraine would suffer deeper and deeper as Russia meets every depth they throw at it. ![]() No thanks to Zelensky, the only clownish president in human history who sold his country to please western hegemonistic quest. 47 Likes 2 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Basicend: 2:17pm On May 25, 2023 |
Russia giving it to Western Clowns- Back to Back. . . . Watawato. . 14 Likes 1 Share |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Quelme: 2:17pm On May 25, 2023 |
Up Russia US about to go into default. Sanctions are indeed working!!! Welcome to the multipolar world.... Uraaaaaaaaa Mother Russia!!!! 32 Likes 2 Shares |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by bouncin04(m): 2:17pm On May 25, 2023 |
Get ready for mass japa to Germany |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by tamdun: 2:17pm On May 25, 2023 |
Laughing in Vladimir Putin I don't just understand why Europe is doing suffering and smiling,US blew up nord stream,made u abandoned cheap gas from ur neighbour and made u buy from them(US) at higher price,una still dey play,when shit hit the fan,una eyes go clear 13 Likes |
Re: Germany Slips Into Recession As Inflation, Higher Interest Bite by Rich4god(m): 2:17pm On May 25, 2023 |
Am sure the war in Ukraine is a contributing factor. No more cheap gas from Russia plus too many spending on weapons been donated to Ukraine. Make NATO stop this war before the whole world will enter into recession. 23 Likes 1 Share |
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