World

‘Power will shift’ Germany losing grip on EU as ‘weak economy’ cripples Berlin

Matthew Lynn claimed political paralysis, issues with industry and poor post-pandemic recovery have seen other economies overtake Germany in terms of growth. He forecast that the Euro “will be weak, unstable, inflationary, and constantly devaluing – and that will be a huge change.”

Writing in Saturday’s Telegraph, Mr Lynn noted “it doesn’t matter which statistics you look at, the numbers out of Germany have been consistently disappointing.”

Industrial production in the country dropped another 1.1 percent month on month, following a 3.5 percent drop last month.

Exports dropped 1.5 percent, “shrinking the once mighty trade surplus.”

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  • Source:

    www.express.co.uk

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