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

submitted 1 year ago by misk@sopuli.xyz to c/europe@feddit.de

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

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?

[–] ebikefolder@feddit.de 1 points 1 year ago

Good. We need a steady reduction of the economic volume.