Is the German Economy Now Destined to Decline?

September brought grim news for Germany: Stubbornly high inflation at +6.1% rekindles memories of the 1920s.

Inflation at 5.5%, driven by wage pressures, extends beyond the Russia-Ukraine War, affecting all industries.

Construction orders plummet, an alarming indicator, surging to 44.2% in August from 13.8% in 2022.

Germany faces housing crisis: Record cancellations, rising costs, insolvencies, and 700,000-home shortage.

German industry slumps: July 2023 production down 0.8%, carmaking hit by energy costs, stagnation persists.

Germany's economy falters: Contraction, sinking confidence, and bleak 2023 outlook as worst major performer.

ifo Business Climate Index down four months in a row, lowest since 2020, rising pessimism ahead.

Hamburg Commercial Bank's PMI: German factory output worst since 2009, alarming for a quarter-GDP sector.