How to spin it- Itcannot get worse?


"Trade has also been harmed by stubbornly high energy prices,slowing demand due to inflation, and elevated interest rates."Maybethe only upside of today's disappointing data is that things can hardly getworse," Brzeski said. "However, as positive signals remainabsent, the base case for the German economy over the next months remainsstagnation at best.""

From

Germany: More gloom as exports dip in September link


The High Energy Prices are at leastpartly an own goal in Germany. A significant part of the cost of nuclear poweris building them Turning them off at a point they have been paid for and areproviding cheap 24 7 emission free power is not an economically sensiblechoice.

Japan is a great example of economicreality in my thoughts. "Japan’snuclear turnaround Faltering under the pressure of the global energy crisisJapan has given up its anti-nuclear power stance"

Back to Germany

$50 Billion euro was additionalfunds Germany used to hold up its industry to the achieve the above levels “government support forbusinesses struggling with high operating costs, including a 50-billion europackage unveiled last month, some industries are starting to cautiously crankup production from depressed levels, including the power-intensive chemicalssector.” July 5 “Germanelectricity generation still stunted despite lower prices | Reuters”

It is not just High Power pricesimpacting on Germanys Economy. It is one of the aspects it could change ofcourse. Suspect it might follow the mega trend in nuclear power blind Freddycan seem clearly.

A bit of irony perhaps is Germany Nuclear Tech is stillworking “German manufacturer SiemensEnergy has no intention of breaking its contract with Russia's Rosatom on theirnuclear project in Hungary, the company's supervisory board chairman, JoeKaeser, told Welt am Sonntag on Sunday. The companies are working together ontwo new reactors for Hungary's Paks-2 power plant, for which Siemens Energy issupplying safety technology.”

Not knocking Siemens!