Correction: pandemic drop was 4.9%. Source for the 3% calculation: DIW Deutsches Institut für Wirtschaftsforschung, Model calculation/explanation in German at: https://www.diw.de/de/diw_01.c.837973.de/publikationen/diw_aktuell/2022_0080/stopp_russischer_energieeinfuhren_wuerde_deutsche_wirtschaft_spuerbar_treffen__fiskalpolitik_waere_in_der_verantwortung.html 2/2
@jwildeboer Do they take into account the tax loss from their workers and the unemployment benefits the government should spend? Also the energy price raises? Just curious, I wish we could just unplug that thing, and the rest of fossils for that matter.
@tagomago Yes. They take that into account. Also impact of rising inflation and possible drop in demand etc.
@jwildeboer Then that's totally doable. I imagined a much darker picture. Time to divest from fossil empires right now.
Partial Image description: An infographic-style layout of four estimates for economic impact (on GDP?) on Germany of a gas embargo, ranging from -0.5% to -6%.
Mastodon instance for people with Wildeboer as their last name