Germany's economy is facing challenges as it likely stalled at the beginning of 2024, with manufacturing and industrial sectors being impacted. The halt to Russian gas imports has driven up costs, leading to job losses and factory closures. The country is making significant investments in gas-fired plants to replace nuclear power. Experts warn of extended stagnation and the potential decline of Germany as a manufacturing superpower. TotalEnergies CEO emphasizes the higher energy costs associated with the energy transition.
Germany has had a budget surplus - but still failed to pay their obligations. https://t.co/Yj342qRV7E
Germany is in trouble. Germany’s economy is on shaky ground and there are few signs of hope https://t.co/VKjLwf9QSv
German industrial output falls to 2006 levels. 18 lost years, courtesy of environmentalists 🫡 https://t.co/eldeh1iYMf
France’s Total warns that governments are mis-selling the energy transition ⚡️ 💰 “We think that fundamentally this energy transition will mean a higher price of energy,” said CEO Pouyanné 🔌 A system with more renewable intermittency “is less efficient” https://t.co/PV7Aj9YcGn
German economy likely to remain stalled at the start of 2024, survey indicates https://t.co/3vNUHsD6cD https://t.co/wKTDYwhmKV
Germany is confronting extended stagnation and the threat that its days as a manufacturing superpower may be numbered https://t.co/qqIJtxsQ1H
Germany's Industrial Superpower Days Are Over, A Green "Victory" https://t.co/XPdrzTB4cV
⚠️ AUSTRIA SEEKING TO END RUSSIAN GAS IMPORT CONTRACT, ENERGY MINISTER SAYS (Reuters) Faced with stubbornly high Russian gas imports as the war in Ukraine rages on, Austria is seeking to take more radical steps, including ending energy company OMV's long-term contract to buy… https://t.co/SEi1ejTonI
🇩🇪Why Europe’s Energy Transition Leader Doubles Down On Natural Gas Germany has been the poster child for the transition thanks to the massive resources it directed towards turning the vision into reality. Now, cracks are appearing in that vision as energy security becomes…
‘We Are Getting Poorer’: The Deindustrialization Of Germany Is In Full Swing https://t.co/Rm7xiZXHUA
🔴 ACCORDING TO A SURVEY OF 48 ECONOMISTS, GERMANY'S ECONOMY IS TO STAGNATE IN THE 1Q.
Germany’s economy is on shaky ground and glimmers of hope are few and far between https://t.co/mmbQUYgtRJ
German economy probably stalled at the start of 2024, survey shows https://t.co/Wbk52YNIlR https://t.co/f9S7V1dg19
“The pace of transition will not be the same everywhere. We cannot ask African countries just to avoid to develop the resources because we have developed their resources for our own comfort for 20 years.” Patrick Pouyanné, Chief Executive Officer of TotalEnergies #oott https://t.co/XciDhUaS9t
The long-serving chief executive of France’s TotalEnergies has warned governments are mis-selling the energy transition if they fail to acknowledge the shift to a less-polluting system will to lead to higher energy costs. #oott https://t.co/yNcO4ZLwIs
Germany’s economy probably failed to grow again at the start of the year, according to a Bloomberg poll https://t.co/SmIy4xZZom
EU’s largest economy spending billions to replace nuclear power Germany is set to make a large investment in four gas-fired plants, the government has announced https://t.co/KNq6lcuE8W https://t.co/MLJ6qNDOB7
"Germany Is In Really Big Trouble": Perfect Storm Of Terrible Trends Paints "Bleak" Picture As "Distress Is Spreading To Other Sectors" https://t.co/CZWUtIvFrw
German manufacturers close factories and move jobs abroad as halt to Russian natural gas imports drives up costs - media Story: https://t.co/IOslL9hjlI https://t.co/ch42sy3awt
Germany has spent much of the current century as Europe’s driving force for prosperity, but that’s no longer the case https://t.co/vgQvsuEg0z