BlueDragon
Heisman
Posts: 6,221
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I Root For: TSU
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Germany: Gas Bottlenecks Could Collapse Entire Industries
https://oilprice.com/Latest-Energy-News/...necks.html
Two weeks ago, Germany's BDI industry association drastically reduced its 2022 economic growth forecast from 3.5% to 1.5%, warning that a cut-off of Russian gas would mean recession, Reuters reported.
On Monday, Germany recorded its first monthly trade deficit (for May) in 30 years on shrinking demand for exports and rising costs of imports amid worsening economic predictions. According to Bloomberg, the first monthly trade deficit amounted to a gap of 1 billion euros.
Folks things are about to get ugly. Captain Incompetence and his cohorts are setting the stage for chaos and unrest.
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07-04-2022 09:58 PM |
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