[theold]

According to the Destatis Institute, Europe's largest economy entered a technical recession in the first quarter of 2023, with a second consecutive drop in its gross domestic product (GDP), weighed down by its industry which is suffering from a drop in demand. , against a backdrop of inflation and rising interest rates.

German industry, long dependent on cheap Russian gas, was hit hard last year after Moscow invaded Ukraine. And for good reason, the conflict cut off its supplies to Germany and drove up prices.

But inflation remains very high in the country, reaching 7.2% in April, weighing down household purchasing power. And the hikes in the key interest rate led drum beating by the European Central Bank (ECB) to fight it, are beginning to have effects on activity, increasing the risks of recession for the first economy in the euro zone.

https://www.latribune.fr/economie/union-...63487.html

[cityhantam]

Expected!

[Manthink]

Germany suddenly got flushed down to sewage after Merkel exit...

[watchfirst9]

Ind will surpass Ger GDP to be fourth biggest economy
if this continue for next 4 years.

then will be Jap...

[Manthink]

Ind will surpass Ger GDP to be fourth biggest economy
if this continue for next 4 years. then will be Jap...

Hmmm...I don't recall Indonesia can grow within next few years to become bigger economy than Germany and Japan.

Maybe thanks to Chinese investment like HSR and Huawei ? 

https://foreignpolicy.com/2022/07/28/ind...rsecurity/

[[[ForeverAlone]]]

So will German branch offices in SG going to close shop soon.

[watchfirst9]

Hmmm...I don't recall Indonesia can grow within next few years to become bigger economy than Germany and Japan.

Maybe thanks to Chinese investment like HSR and Huawei ? 

https://foreignpolicy.com/2022/07/28/ind...rsecurity/

??
I am talking about current fifth largest economy...India 

[Manthink]

??
I am talking about current fifth largest economy...India 

Oh!  Please lah, I have more faith with INDonesia than INDia.
Ask you this - which one has higher GDP per capital  and which has HSR ?

[Manthink]

March 10, 2023 - For a nation rebuilt from the ashes of its Nazi past, talk of mass rearmament had been unthinkable, a kind of taboo, for large segments of German society and the political class only three days before. In the speech, Scholz pledged to spend 100 billion euros (about $106 billion) to restore Germany's long-neglected military, the Bundeswehr; and he vowed to nearly double Germany's annual military budget to meet a NATO target of spending 2% of Germany's $4 trillion gross domestic product on defense.

The speech broke another taboo: The chancellor said Germany would send weapons to Ukraine....

https://www.courthousenews.com/war-force...been-easy/

[watchfirst9]

Oh!  Please lah, I have more faith with INDonesia than INDia.
Ask you this - which one has higher GDP per capital  and which has HSR ?

A country with higher population will naturally have more difficulty to raise per capita GDP
That is why they keen in anything high value and make locally,
is something what China is doing now.

In order to improve living standard one have to keep improving, 
issue here is how much the west can tolerate others eating into their lucrative fields.

GDP does not tell whole story of a country abilities but so is GDP per capita.
Some countries enjoy high GDP per capita though they hardly produce or innovate anything.

GDP sizes do matter in influence if it is well connected to world supply chain.

[Manthink]

A country with higher population will naturally have more difficulty to raise per capita GDP
That is why they keen in anything high value and make locally,is something what China is doing now.
In order to improve living standard one have to keep improving, issue here is how much the west can tolerate others eating into their lucrative fields.
GDP does not tell whole story of a country abilities but so is GDP per capita.Some countries enjoy high GDP per capita though they hardly produce or innovate anything.GDP sizes do matter in influence if it is well connected to world supply chain.

Comparing INDonesia with INDia, the former definitely. is better developed, not just based on GDP per capital alone, but also in terms of connectivity to the global economy. The certainly the West can NOT tolerate any Asian countries surpassing them...
So the reality is global market determines the competition winners and losers....

[ysh02]

So will German branch offices in SG going to close shop soon.

Siemen ? A Germany company in Singapore still operating...