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The current economic downturn is pretty much global and hits even places that weren’t affected that much by the las economic crisis (Germany for instance)
by legulere 7y ago
The current economic downturn is pretty much global and hits even places that weren’t affected that much by the las economic crisis (Germany for instance)
- xbmcuser 7y agoYeah the world economy has started stagnating feels like it is tethering on the edge. After talking to our suppliers and customers in about 12-13 asian countries seems like all of them are holding their breath waiting for something to happen. Most have curtailed their current and future investments for now ironically if everyone does that it will bring about what they have started expecting.
- proverbialbunny 7y agoThat makes sense that people in Asia would feel that way. With the tariffs China is being hit the worst, and it's probably rippling to that general region. Also, it makes sense Germany is slowing. Germany's economy is strongly based on higher end exports, but with the drama with Brexit, and US tariffs, Germany is going to be mildly hit, but in the long run, asia has slowly been exporting higher end products. Anecdotal but, 5 years ago I'd buy German made speakers, but today the same companies are manufacturing them in China. Germany is trying to transition to white collar and has been for a few years now, trying to offer good incentives for software engineers to move to Germany.