{"id":325901,"date":"2024-05-04T13:49:00","date_gmt":"2024-05-04T11:49:00","guid":{"rendered":"https:\/\/climatescience.press\/?p=325901"},"modified":"2024-05-04T13:49:02","modified_gmt":"2024-05-04T11:49:02","slug":"germanys-economic-bloodbath-worsens-as-green-revolution-causes-economy-to-bleed-to-death","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=325901","title":{"rendered":"Germany\u2019s Economic Bloodbath Worsens As Green Revolution Causes Economy To Bleed To Death"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NoTricksZone<\/a><\/p>\n\n\n\n

By\u00a0P Gosselin<\/a><\/em><\/p>\n\n\n\n

The \u201cgreener\u201d Germany gets, the bloodier its economy becomes. How much can an economy bleed before it dies?<\/strong><\/p>\n\n\n\n

Since Germany has become hostile to industry and its Green Revolution has made energy prices among the world\u2019s highest, it\u2019s no wonder that the country\u2019s economy is hemorrhaging economically. Companies are shutting down and moving out.<\/p>\n\n\n\n

\"\"
Foreign direct investment from Germany into the United States from 2000 to 2022\u00a0(in billion U.S. dollars, on a historical-cost basis).\u00a0Source:\u00a0statista<\/a><\/em><\/figcaption><\/figure>\n\n\n\n

For example, German online Blackout News here reports<\/a> on how automotive supplier IHI has announced the closure of its plant at Erfurter Kreuz, Thuringia, and that around 300 employees will be affected in a region that is already struggling.<\/p>\n\n\n\n

The company is an manufacturer of turbochargers for cars and intends to close the plant in 12 to 15 months, reports Blackout News.<\/p>\n\n\n\n

The announcement is just the latest in a long, seemingly unending series of closures.<\/p>\n\n\n\n

\u201cIn recent months, several automotive suppliers have had to close their doors or file for insolvency. This development shows the volatile challenges facing the industry,\u201d comments Blackout News<\/a>.<\/p>\n\n\n\n

Analysts expect the demand for turbochargers, outfitted on internal combustion engines, will be less in the long term due to e-mobility.<\/p>\n\n\n\n

Alarming economic pessimism trend<\/strong><\/p>\n\n\n\n

In more economic bad news for Germany, pessimism among small to medium size enterprises (SMEs), once the backbone of the German economy, has risen as the business climate index has fallen steeply to minus 1.4.<\/p>\n\n\n\n

\u201cThe business climate index, an important barometer for the mood in small and medium-sized enterprises, fell to an alarming low of minus 1.4 points in February,\u201d Blackout News reports here<\/a>. \u201cThis is the lowest level since the financial crisis 15 years ago. A survey of around 1250 companies conducted by Creditreform Wirtschaftsforschung shows that the majority of respondents forecast a gloomy future for the SME sector.\u201d<\/p>\n\n\n\n

The latest figures show that there are no signs of hope for a recovery, \u201cafter the third year of crisis.\u201d<\/p>\n\n\n\n

Analysts blame a number of factors, such as the current weak construction and industrial production, geopolitical conflicts and \u201cunclear economic policies\u201d. The current Socialist-Green coalition government blames everyone else except for themselves.<\/p>\n\n\n\n

The German government has shut down its remaining nuclear power plants after lying to the country in claiming that they weren\u2019t needed \u2013 just after experts had concluded the opposite was in fact true. The government plans to phase out coal power plants as well, which will only further exacerbate Germany\u2019s energy woes and its hostile business environment.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The \u201cgreener\u201d Germany gets, the bloodier its economy becomes. How much can an economy bleed before it dies?<\/p>\n","protected":false},"author":121246920,"featured_media":325906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818197,691818051,691819147,691828468,691828469,691828470],"class_list":{"0":"post-325901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-german-government","9":"tag-germany","10":"tag-green-revolution","11":"tag-socialist-green-coalition-government","12":"tag-turbochargers","13":"tag-unclear-economic-policies","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/00economy-policy-2-1140x641-1.jpg?fit=1140%2C641&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1mMt","jetpack-related-posts":[{"id":247259,"url":"https:\/\/climatescience.press\/?p=247259","url_meta":{"origin":325901,"position":0},"title":"Claim: Climate Change will Cost Germany $960 Billion by 2050","author":"uwe.roland.gross","date":"13\/03\/2023","format":false,"excerpt":"Simple economics dictates that Germany should ditch their failed green ideas, and accept the $960 billion loss by 2050, if it actually occurs.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":234339,"url":"https:\/\/climatescience.press\/?p=234339","url_meta":{"origin":325901,"position":1},"title":"Green Germany Haemorrhaging \u20ac1.5 Billion per DAY to Keep the Lights On","author":"uwe.roland.gross","date":"15\/12\/2022","format":false,"excerpt":"How is that wind and solar working for you Germany? 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