Another Blow to Old Europe: Unfavorable Global Trade Conditions and Chinese Exports - micetimes.asia

The EU Commission now assumes that the German economy will stagnate this year rather than grow slightly. It also lowered its growth forecast for the EU.

According to the EU's latest forecast, Germany is facing stagnation this year. The Commission has significantly reduced its growth forecasts.

This makes the situation more difficult, especially for the export-oriented Germany, according to the EU Commission's spring forecast. The German government is opposed to debt and investment. But is that enough?

The EU Commission expects only weak growth this year. Germany is not supposed to grow at all.

The European Commission has lowered Slovenia's economic growth forecast for this year from 2.5 to 2.0 percent. In response, the Slovenian Chamber of Commerce and Industry warned of a 0.8 percent drop in GDP. "All changes in legislation have led to Slovenia losing competitiveness," the Chamber of Commerce and Industry believes.

According to the EU Commission, the euro zone will once again pick up a moderate pace of growth this year. Germany will therefore even stand on the ground. This is what the EU authorities predicted in their spring forecast.