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Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 2 days ago

Germany's "economic miracle" has officially retired. Industrial production just cratered 4.3%, thanks to an 18.5% nosedive in its auto crown jewels, as tariffs and Chinese competition deliver a masterclass in deindustrialization.

The government's big recovery plan? Revising growth up to a blistering 0.2%. At this rate, "Made in Germany" will soon be a historical designation in a museum.

https://www.bloomberg.com/news/articles/2025-10-08/german-industrial-slump-deepens-with-shutdown-in-auto-production

#germany #economy

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