The German governent is failing egregiously on climate breakdown, did not prevent a war in Ukraine, and is now leading the nation into recession. The result of 18 years of Merkel’s “Mutti Politics” and a corrupt German political class is be is becoming visible – very.
Retail turnover, June 2022 (provisional, calendar and seasonally adjusted)
-1.6% on the previous month (in real terms)
-0.5% on the previous month (in nominal terms)
-8.8% on the same month a year earlier (in real terms)
-0.8% on the same month a year earlier (in nominal terms)