The German economy will be in recession in 2023 according to the Minister of the Economy. – Insolentiae

While our turtleneck star, our luminescent light from Bercy, unlike sister Anne, sees growth coming for the current year and next year, in Germany they are a little less blissful and significantly less “delighted of the crèche” on the side of hopes for growth. In fact, they have no more hope of growth. It must be said that running the big factories in the Ruhr without the Russian gas pipelines and only by having the German ecologists pedal through the sauerkraut is not going to be very easy. As a result, on the growth side, it will be very so-so, and rather so-so than so-so. German economy to fall into recession in 2023, says Habeck “The German government announced on Wednesday that it expects Europe’s largest economy to fall into recession in 2023 due to the energy crisis, rising prices and bottlenecks in supply networks, confirming information from Reuters. The German economy is expected to contract in the third and fourth quarters of this year as well as in the first quarter of 2023, said Economy Minister Robert Habeck. The German government now anticipates a contraction of 0.4% in gross domestic product in 2023, whereas it previously forecast growth of 2.5%. Ha, yes all the same. They go from a growth forecast of 2.5% to a recession of 0.4%. Or a slight 3% difference, with a ladle. And if not, Bruno the turtleneck, your budget forecasts? Ha, yes, France is not the same. It is true that as everyone knows, “the coronavirus crisis in China will only have an impact of 0.1% on French growth”. Hahahahahahahahaha. I still laugh until I cry. My Bruno, it’s hard, hard to be a minister, you have to get out of carabistouilles all day long and agree to pass for a big cerebral invertebrate mollusc (a fool) and I have an affectionate thought for you. 5 years already of swallowed snakes. Indigestion awaits. Quick, the life-saving transfer to the IMF. Charles SANNAT “This is a ‘presslib’ article, that is to say free of reproduction in whole or in part provided that this paragraph is reproduced after it. Insolentiae.com is the site on which Charles Sannat expresses himself daily and delivers an impertinent and uncompromising analysis of economic news. Thank you for visiting my site. You can subscribe to the daily newsletter free of charge at www.insolentiae.com. » Source Reuters news agency via Boursorama.com here