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00:00 We still see fears about the collapse of the world economies, this time from Europe.
00:08 The biggest economy is Germany, which collapsed for the first time since 2020.
00:13 How did the numbers come in 2023 for the collapse recorded by this economy with 13 percent in the year 2023?
00:25 We went back to levels that the economy did not see since the pandemic in 2020.
00:33 We have seen many reasons that led to this collapse and the fear related to the collapse of the German economy.
00:40 We have seen a decrease in the manufacturing sector by a first degree.
00:44 We have seen, except for construction, these reductions by 2 percent in the production reduction leadership in the energy supply sector.
00:53 Government spending was 1.17 percent.
00:57 Family consumption was also 1.20 percent.
01:03 Services were 10 percent.
01:07 We have seen a decrease in the fourth quarter of last year,
01:12 which is 13 percent compared to July and September.
01:17 The monthly basis recorded some of the economic collapse in light of the continuation of these reductions that we have seen.
01:24 The German office of the Eurozone, specifically Germany, said that the German economy has seen a decline in the third quarter.
01:35 This led to these difficulties and the continuation of the collapse throughout the year.
01:41 The main factors that led to this collapse are the decline in domestic and foreign demand,
01:48 the difficulties in the trends that we have seen in the manufacturing sector,
01:54 specifically the German economy, which is one of the largest manufacturing sectors in this economy.
02:02 This led to this great decline, in addition to the positive rates that we have seen throughout the past year.
02:10 We are talking about the other main reasons, the biggest of which is the inflation rates that the economy has reached recently.
02:18 By the end of last year, 2023, the inflation rate in Germany reached 3.8 percent in December.
02:28 With the knowledge that it reached almost 6 percent in several months.
02:34 These factors may still affect the rise in inflation in the region.
02:40 This is the main reason for the collapse of the economy throughout the past year.