Central Bank of Germany: We have entered recession – Mehr news agency Iran and world's news
According to Mehr reporter, quoted by Reuters, the German central bank reported today that the country has entered economic recession due to the decrease in foreign demand for its products, along with the decrease in domestic demand and domestic capital.
In the meantime, the reason for the decrease in domestic investment in this country has been stated by the Central Bank of Germany to be the increase in interest rates and the increase in the cost of providing capital and obtaining loans.
Since the start of Russia's military conflict with Ukraine in 2022, the price of energy carriers in Germany has increased, causing the industry-oriented economy of this country to experience zero or negative growth for 4 consecutive quarters.
The Central Bank of Germany has announced that we have not yet seen the beginning of the process of improving the economic situation in this country and probably in the first quarter of this year. Down We will be the gross domestic product of this country.
This bank has announced that with the economic growth of Germany becoming negative again in the current 3-month period, this country is probably in a recession.
The poor performance of the German economy has raised questions about the sustainability of the country's economic model, and critics say that a significant part of the country's economy, which is highly dependent on energy carriers and vulnerable to price increases, is losing its competitiveness in The market is global and this issue will eventually lead to a change in the structure of the German economy.
