?The German Economy on The Verge of Collapse — The Whole EU Project is Crumbling !!

?The German Economy on The Verge of Collapse — The Whole EU Project is Crumbling !!
Rezession! That’s how you say Recession in german. German economy barely grew at the end of 2019.
The German economy is in stagnation since the summer of 2018, and it is getting worse by the month. In the fourth quarter of 2019, There has been zero growth.
The manufacturing halted, while the coronavirus could be the final nail in the coffin of the German industry. VOLKSWAGEN is the most exposed, as 40% of its production is Made In China.
Manufacturing accounts for a larger share of German economic activity than it does for most other developed economies: 20%, compared with 9% for the UK for example, and 10% for the US.
The German economy is heavily invested in the export of motor vehicles and with Western governments vilifying the internal combustion engine, putting the brakes on car purchases. Governments need to consider the alternatives before shooting from the hip on engine banning.
Germany is also very exposed to the tensions in international trade that have arisen, or at least become more intense, since US President Donald Trump took office.
That related directly to new tariffs that his administration has applied to aluminum and steel tariffs, and indirectly to the trade war between the US and China.
Because both countries are important markets for German industry, any damage they inflict on one another can affect sales of German goods.
Germany would also be vulnerable if President Donald Trump was to act on his threat to impose 25% tariffs on imports of cars from the European Union.
So even Germany, the powerhouse of Europe, stopped growing.
Alongside Britain and France, the three largest economies in Europe.
I genuinely feel that the EU leaders must rue the day that they failed to properly negotiate a compromise with the UK (and Cameron) prior to the Brexit referendum. They alone decided to call a bluff, believing all along that the UK would never leave. They should bear a heavy burden of responsibility and guilt, with the German economy slowing down.
How are they going to find the funds to cover the shortfall of the UK leaving the EU.
Even for Germany, this is going to be hard to get past the German voters.
If Germany thinks it has problems now; wait until they finally realize they are the only remaining member of the EU 27 after the UK (UE’s second-biggest contributor) leaves totally at the end of this year to be able to fill the black hole left in the EU’s budget when it’s second-biggest contribution (the UK) ceases on December 31st, 2023.

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?The German Economy on The Verge of Collapse — The Whole EU Project is Crumbling !!

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