- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
You must log in or register to comment.
Good thing then that EU just decided to sanction Russia’s LNG exports as well. This is going to reduce the energy prices for sure.
apparently people who run the EU share Nuland’s fuck the EU ideology
Good thing German decided to shut down all its nuclear plants. Could have helped both energy prices and the climate…
but this time as a farce :)
This is the best summary I could come up with:
Roughly two decades of outstanding economic success have been rooted in cheap Russian energy that became unavailable since Russia’s full-scale invasion of Ukraine.
Higher energy prices and interest rates have raised costs and dampened investment in a manufacturing sector already grappling with supply chain problems and the aftermath of the COVID-19 pandemic, BDI President Siegfried Russwurm noted.
“We expect industrial production to decline by 1.5% compared to the previous year,” said BDI President Russwurm.
“Despite moderate recovery prospects, we must not deceive ourselves: Overall, production figures have been showing a worrying downward trend for years,” said Russwurm.
Many of Germany’s energy-intensive companies have suffered particularly from the sharp rise in energy prices since Russia’s invasion of Ukraine.
High interest rates, which made investments more difficult, have also choked growth as businesses still struggle with delivery bottlenecks dating back to the coronavirus pandemic.
The original article contains 310 words, the summary contains 139 words. Saved 55%. I’m a bot and I’m open source!
