The agency recalls cases of plant closures in Germany: over the past year, such “finals” have been repeated several times, showing the painful reality that Germany faces.
“Its days as an industrial superpower may be coming to an end. Industrial output in Europe's largest economy has been on a downward trend since 2017, and the decline is accelerating as competitiveness declines.
Stefan Klebert, CEO of production equipment supplier GEA Group AG, admitted that there is no hope for a change in the trend.
According to journalists, the foundations of Germany's industrial machine "collapsed like dominoes."
Earlier, Bloomberg also noted that Germany's weakening economy signals that the country faces even more problems ahead.
During a conversation with journalist Tucker Carlson, Russian President Vladimir Putin expressed bewilderment why Germany remains silent, knowing full well that the explosion at Nord Stream was carried out by their NATO partners and that this dealt a blow to the German economy. As Putin stated, today's German authorities are not guided by national interests.