Germany’s Recession Is EU’s First Falling Domino

According to experts, Germany’s recession is seen as the first falling domino within the EU, given that Germany has long been the flagship and a powerhouse of Europe.

Germany entered a technical recession in the first quarter of 2023, according to recent figures from the Federal Statistical Office. What’s behind the new trend and what does the future have in store for the German economy?

Revised official data has indicated that Germany’s economy is in worse shape than previously estimated: it has contracted twice, in two consecutive quarters, meaning that it has been dragged into a recession. As per international economic observers, the unfolding economic slowdown has largely been caused by the disruption of Germany’s energy ties to Russia, which exacerbated the already swirling crisis in the country and contributed to gradual de-industrialization.

“Long term, reliable, low cost and abundant energy supplies from Russia have been pivotal to German industrial sector development and strength,” Paolo Raffone, a strategic analyst and director of the CIPI Foundation in Brussels, told Sputnik. “This is particularly true since the mid-seventies. In history, the thalassic powers (transatlantic powers) have always opposed the ‘easy’ energy supplies from Russia to Germany. The scope has been (and still is) to contain the German powerhouse based on the development of its industry.”

“The ‘mysterious’ explosion of the North Stream pipelines was highly symbolic (cutting German energy ties with Russia and Eurasia) and it has had tremendous consequences for the German economy. Without the convenient Russian energy supplies, Germany has entered (again) a period of industrial difficulty that impacts the general economy and the life of people,” Raffone continued.

[jetpack_subscription_form title="Subscribe to GreatGameIndia" subscribe_text="Enter your email address to subscribe to GGI and receive notifications of new posts by email."]

According to the Federal Statistical Office, the nation’s gross domestic product (GDP) fell by 0.3% in the first quarter of 2023, with household and government spending plummeting 1.2% and 4.9%, respectively.

A new study published in the journal Science has warned that El Nino could wipe out $3 trillion of the world’s economy.

Read more

GreatGameIndia is being actively targeted by powerful forces who do not wish us to survive. Your contribution, however small help us keep afloat. We accept voluntary payment for the content available for free on this website via UPI, PayPal and Bitcoin.

Support GreatGameIndia


  1. Every month makes more than $17,000 just by w0rking 0nl!ne home j0b in sparetime. Last month i have earned $16593 from this easiest 0nl!ne j0b by doing inmy part time only for 3 hrs a day on my laptop. This 0nl!ne home j0b is justamazing and daily earn!ng from this are much better than other 9 to 5 deskj0bs. o Everybody on this earth can now get this j0b and start earn!ng 0nl!ne byfollow details on this s!te
    Apply Now here—————————->>> GOOGLE WORK

  2. Many people of USA and other world have lost their regular jobs. This washorrible and i know what is the feeling when you didnot have any money left foryour family. But i am here to share an easy solution which solves all financialproblems right now. Working from home job which can gave you more than $15kevery month just by staying at home. So follow this web now for more info andstart earning right now..  

    EARN THIS LINK—————————➤ https://Workathomee33.blogspot.Com

  3. My last salary was $8750 just ecom worked 12 hours a week. My neighbor has long found an estimate of $16,000″ (u113 and works about 20 hours for seven days…I can’t believe how easy was after

    trying the info…

  4. I quit my job and now. I make $120 an hour working from home doing these simple tasks online. Furthermore, I make $30,000 a month working 3 hours a day online. Furthermore ,u7 I advised you to try….. You won’t lose anything, try the following website and earn every day… .
    For more details:>>>>>

Leave a Reply