Communication: High energy prices have made the German economy facing the risk of recession

Xinhua News Agency, Berlin, September 11th. Communication: High energy prices make the German economy risk at recession

Xinhua News Agency reporter Zhu Sheng

Data from the German Federal Bureau of Statistics have many times in recent months, and the surge in energy prices is the main driving force for rising inflation in Germany. Affected by high energy prices, some German companies and hospitals are facing bankruptcy risks, and ordinary people choose to drive to neighbors to add cheaper gasoline.

Hakler, a German sanitary products manufacturer, was founded in 1928. It is a well -known local toilet paper and kitchen paper manufacturing enterprise. It announced in early September that it has entered the bankruptcy restructuring process. At the beginning of the epidemic, the manufacturers of toilet paper accumulated by the German people crazyly purchased and hoarded, but now they have to declare bankruptcy due to high energy prices, which is sighing.

The rapid rise in energy costs also caused some German hospitals to face difficulties. Michel Jacob, general manager of the Brandonburg State Hospital Association in Germany, said that the sharp rise in energy costs has caused more and more problems in Brandonburg hospitals, and may even go bankrupt. It is expected that various hospitals this year are expected The energy cost will increase by 45%, and the increase may reach 140%next year.

Jacob said that if measures are not taken now, letting the situation develop, this year may even have a hospital bankruptcy. In addition to rising energy prices, medical products and services have become more expensive, but hospitals cannot simply pass on increased costs.

Due to the expiration of the last round of bailout plans including refueling subsidies, many German owners chose to go to the neighboring country in order to reduce the cost of car use. According to German media calculations, compared with Germany's gasoline prices, Polish oil prices are 50 to 60 Euros, Czech Republic is 50 euros cheaper, and France is 40 to 45 euros.

In August, the annual inflation rate in Germany rebounded to 7.9%, which was the highest since May in the 1970s.

Economist Tissen, Economist of the German Betasman Foundation, told Xinhua News Agency reporters that high inflation means that consumers' purchasing power is reduced, and enterprises will reduce production and investment. As price increases and production decreases, the German economy is risk of stagflation.

In order to help German people and enterprises deal with severe inflation, German Chancellor Chung announced on the 4th that the third round of bailout plan since mid -February was 65 billion euros. But economists predict that Germany will still not be able to get rid of economic recession.

Jorge Cramer, chief economist at the German Business Bank, and Casten Bukesky, an economist of the Netherlands International Group, believes that the latest launching plan is probably not enough to prevent the German economy from falling into decline.

According to a recent survey results of economists, Reuters may have shrunk for three consecutive quarters from this quarter. If the German economy falls into decline, it will bring a chain reaction to the entire Europe.

[Editor in charge: Wang Mengmeng]

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