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Business activity in Germany contracted for a fourth straight month in October. Experts are labeling Europe’s largest economy the “sick man of Europe.”
Among them are New Zealand, Germany and, probably, China.
A warm winter in Europe helped ease the transition.
After its over-reliance on the Kremlin for its energy, is Germany making the same mistake with Beijing?
Gas rationing by the Berlin government this winter could hit the German chemical industry and dent the global economy.
Fear that Russia may terminate all natural gas flows to Europe’s largest economy is causing friction among EU countries.
Europe’s largest economy depends on Russian gas. Vladimir Putin is using it as a political weapon.
Russia’s aggression has forced Germany to reconsider the notion that trade helps promote democracy.
Germany dropped its opposition to some tough new sanctions against Russia and is now stepping up spending on defense.
As Angela Merkel’s term ends, Germany struggles with lagging COVID vaccinations, an energy transition and an undigitized economy.
