Why the EU’s economic engine is breaking down ...News

Russia Today - News
Why the EU’s economic engine is breaking down
source : Russia Today ( News ) () 77
The energy-dependent German economy has been in decline since losing cheap Russian oil and gas The German economy, once Europe’s roaring engine of growth, slipped into recession in early 2023 amid runaway inflation, the national statistics office revealed this week. GDP data is reportedly showing surprisingly negative signals, with the economy losing the potential for growth. RT looks at the challenges facing the EU’s economic powerhouse. Why is Germany’s recession important?The EU’s largest and richest member, Germany has built its economic power on its manufacturing capacity, its integration into international

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