Germany’s economy is in trouble

For the first time in decades, Germany’s trade balance is in the red by 1 billion euros. This marks a reversal for the export-driven country’s economy. Germany’s economic engine is weakening due to supply chain disruptions, soaring energy costs, an aging population and falling global demand. If the downward trend continues, the impact on Germany and the wider European economy could be severe. The golden age of the export economy driven by cheap Russian energy may be coming to an end.

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