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Hard times for the German economy

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The German government feels worry. The economy grows very slowly in spring. Experts call this a Konjunktur-Dämpfer. That means: The economy performs worse than before.

A main reason is the war in Iran. This war makes energy very expensive. Gas and oil cost more money now. Companies pay more for power and materials. This makes the industry feel bad.

Construction and factories have big problems. People build fewer houses now. Many companies produce fewer goods. Stock prices go down. The government expects only 0.5 percent growth this year.

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Definitions

Konjunktur
The Konjunktur-Dämpfer describes a time when the economy grows less than expected.

Locations

Germany
Germany is a country in the middle of Europe.
Iran
Iran is a country in the Middle East where a war happens.

Sources

Südtirol News

Deutsche Regierung erwartet Konjunktur-Dämpfer

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Logo Bild
Bild

Konjunktur, Industrie, Wohnungen: Schwarzer Freitag für die Wirtschaft | Politik

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Logo VOL
VOL

Deutsche Regierung erwartet Konjunktur-Dämpfer im Q2

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Logo Zeit
Zeit

Im Abwärtssog: Industrieproduktion geht erneut zurück

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