The German automotive industry tightens Germany in recession

The automotive industry, one of the main sectors of the German economy, slips and brakes all production sector. Industrial production in the largest economy Europe decreased in June by 1,5% in comparison with May. The powerful German automotive industry unlike former times this time pushed economy Germany not up, and down – in the first summer month in it recession in 3,5% was recorded. Recession of the German industry, and, considerably surpassed forecasts of economists, testifies to return threat in the second half of 2023 of recession which Germany left in the second quarter, considers TV channel "CNN"...