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Germany’s paralysis threatens European economy (english.elpais.com)

submitted 8 months ago by misk@sopuli.xyz to c/europe@feddit.de

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[–] 342345@feddit.de 6 points 8 months ago* (last edited 8 months ago) (1 children)

lowered their forecasts for 2024: if just half a year ago, the German economy was expected to grow 1.3%, now the forecast has been cut to just 0.1%.

Why is growth used as a metric? What does it implicate?

Edit: does it mean growth of sales volume or production volume? If one takes inflation into account, a constant sales volume could mean a shrinking production volume?

[–] exanime 10 points 8 months ago

In this insane late stage capitalism, the idea is that it only works if there is eternal growth... This is, of course, impossible to sustain; however, since everyone calling shots do not care about long term future, only short term gains, they have forgotten about the unsustainablility of the current scheme and just hope to kick the bucket down the line for the next sucker