{"id":1119817,"date":"2021-12-14T23:15:18","date_gmt":"2021-12-15T04:15:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1119817"},"modified":"2021-12-14T23:15:21","modified_gmt":"2021-12-15T04:15:21","slug":"germany-headed-for-recession-as-covid-restrictions-tighten","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/germany-headed-for-recession-as-covid-restrictions-tighten\/","title":{"rendered":"Germany Headed For Recession As COVID Restrictions Tighten"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgermany-headed-for-recession-as-covid-restrictions-tighten%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1119817&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Germany is heading toward recession amid a reintroduction of COVID-19 lockdowns.<\/p>\n<p>Last week, Olaf Scholz <a href=\"https:\/\/www.dailywire.com\/news\/olaf-scholz-becomes-german-chancellor-promises-harsher-covid-response-as-angela-merkels-16-year-reign-concludes\">replaced<\/a> longtime Chancellor Angela Merkel as head of the German government. In the days before Scholz assumed office, he and Merkel jointly announced a new lockdown for unvaccinated citizens; meanwhile, Scholz\u2019s government signaled a willingness to take hardline measures against the spread of COVID-19.<\/p>\n<p>The economic consequences of such a position, however, will be palpable.<\/p>\n<p><a href=\"https:\/\/www.cnn.com\/2021\/12\/14\/economy\/germany-recession-omicron\/index.html\">CNN Business<\/a> reported:<\/p>\n<p>Europe\u2019s largest economy will shrink 0.5% in the fourth quarter of this year, compared with the third, and stagnate in the first three months of 2022, according to projections published Tuesday by the Ifo Institute for Economic Research. An economy is in recession when it contracts for two consecutive quarters\u2026<\/p>\n<p>Growth is expected to pick up next summer as a wave of coronavirus cases subsides and supply bottlenecks ease, but the slow start to the year will cost the manufacturing powerhouse. Ifo slashed its growth forecast for 2022 by 1.4 percentage points to 3.7%.<\/p>\n<p>Ifo expects inflation to increase by 3.1% this year and 3.3% in 2022, rates that far exceed the European Central Bank\u2019s target of 2%. Consumer prices are not expected to return to normal until 2023, according to Ifo.<\/p>\n<p>Other European countries are likewise introducing aggressive lockdown measures and vaccine mandates.<\/p>\n<p>Austria <a href=\"https:\/\/fortune.com\/2021\/12\/01\/vaccine-mandate-eu-germany-austria-greece-scholz-von-der-leyen\/\">announced<\/a> that it would require all citizens \u2014 reportedly starting at age fourteen \u2014 to be fully vaccinated by February or face fines or imprisonment. Each citizen\u2019s vaccination status will be noted in his or her electronic health records.&nbsp;<\/p>\n<p>Italy is <a href=\"https:\/\/www.france24.com\/en\/europe\/20211206-covid-19-italy-tightens-restrictions-on-unvaccinated-ahead-of-year-end-holidays\">operating<\/a> under two levels of health passes. Those with negative COVID-19 tests can receive \u201cbasic\u201d passes, letting them use public transportation or check into hotels. However, in order to access theaters, indoor dining, museums, and other entertainment, Italians must have the \u201cSuper Green Pass\u201d \u2014 showing that the bearer has either been vaccinated against COVID-19 or recovered from the disease within the last six months.<\/p>\n<p>The same is true in much of eastern Europe. Latvian politicians cannot <a href=\"https:\/\/www.dailywire.com\/news\/parliament-bans-unvaccinated-lawmakers-from-voting-on-laws-getting-paid-in-latvia\">vote<\/a> on laws, debate bills in person or virtually, or receive their salary without inoculation or a certificate showing that they have recovered from COVID-19. Greeks over 60 years of age must be vaccinated by January, or they will be <a href=\"https:\/\/www.bbc.com\/news\/world-europe-59474808\">fined<\/a> one-seventh of their monthly pension until they are.&nbsp;<\/p>\n<p>In recent weeks, the world\u2019s governments have shifted their attention toward the Omicron variant. However, early reports indicate that it is not as lethal as others.<\/p>\n<p>\u201cIt presents mild disease with symptoms being sore muscles and tiredness for a day or two not feeling well,\u201d South African Medical Association Chair Dr. Angelique Coetzee told <a href=\"https:\/\/www.telegraph.co.uk\/global-health\/science-and-disease\/south-african-doctor-raised-alarm-omicron-variant-says-symptoms\/\">The Telegraph<\/a>. \u201cSo far, we have detected that those infected do not suffer the loss of taste or smell. They might have a slight cough. There are no prominent symptoms. Of those infected, some are currently being treated at home.\u201d<\/p>\n<p>Coetzee described one case in which a six-year-old girl had \u201ca temperature and a very high pulse rate, and I wondered if I should admit her. But when I followed up two days later, she was so much better.\u201d<\/p>\n<p>\u201cWhat we have to worry about now is that when older, unvaccinated people are infected with the new variant, and if they are not vaccinated, we are going to see many people with a severe [form of the] disease,\u201d she added.<\/p>\n<p>The Daily Wire is fighting Joe Biden\u2019s vaccine mandate in federal court. Join us in this fight by&nbsp;<a href=\"https:\/\/lp.dailywire.com\/osha-petition\/\">signing our petition<\/a>&nbsp;to OSHA, telling them that you will not comply with this mandate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany is heading toward recession amid a reintroduction of COVID-19 lockdowns.Last week, Olaf Scholz replaced longtime Chancellor Angela Merkel as head of the German government. In the days before Scholz assumed office, he and Merkel jointly announced a new lockdown for unvaccinated citizens; meanwhile, Scholz\u2019s government signaled a willingness to take hardline measures against the spread of COVID-19.The economic consequences of such a position, however, will be palpable.CNN Business reported:Europe\u2019s largest economy will shrink 0.5% in the fourth quarter of this year, compared with the third, and stagnate in the first three months of 2022, according to projections published Tuesday by the Ifo Institute for Economic Research. An economy is in recession when it contracts for two consecutive quarters\u2026Growth is expected to pick up next summer as a wave of coronavirus cases subsides and supply bottlenecks ease, but the slow start to the year will cost the manufacturing powerhouse. Ifo slashed its growth forecast for 2022 by 1.4 percentage points to 3.7%.Ifo expects inflation to increase by 3.1% this year and 3.3% in 2022, rates that far exceed the European Central Bank\u2019s target of 2%. Consumer prices are not expected to return to normal until 2023, according to Ifo.Other European countries are likewise introducing aggressive lockdown measures and vaccine mandates.Austria announced that it would require all citizens \u2014 reportedly starting at age fourteen \u2014 to be fully vaccinated by February or face fines or imprisonment. Each citizen\u2019s vaccination status will be noted in his or her electronic health records.\u00a0Italy is operating under two levels of health passes. Those with negative COVID-19 tests can receive \u201cbasic\u201d passes, letting them use public transportation or check into hotels. However, in order to access theaters, indoor dining, museums, and other entertainment, Italians must have the \u201cSuper Green Pass\u201d \u2014 showing that the bearer has either been vaccinated against COVID-19 or recovered from the disease within the last six months.The same is true in much of eastern Europe. Latvian politicians cannot vote on laws, debate bills in person or virtually, or receive their salary without inoculation or a certificate showing that they have recovered from COVID-19. Greeks over 60 years of age must be vaccinated by January, or they will be fined one-seventh of their monthly pension until they are.\u00a0In recent weeks, the world\u2019s governments have shifted their attention toward the Omicron variant. However, early reports indicate that it is not as lethal as others.\u201cIt presents mild disease with symptoms being sore muscles and tiredness for a day or two not feeling well,\u201d South African Medical Association Chair Dr. Angelique Coetzee told The Telegraph. \u201cSo far, we have detected that those infected do not suffer the loss of taste or smell. They might have a slight cough. There are no prominent symptoms. Of those infected, some are currently being treated at home.\u201dCoetzee described one case in which a six-year-old girl had \u201ca temperature and a very high pulse rate, and I wondered if I should admit her. But when I followed up two days later, she was so much better.\u201d\u201cWhat we have to worry about now is that when older, unvaccinated people are infected with the new variant, and if they are not vaccinated, we are going to see many people with a severe [form of the] disease,\u201d she added.The Daily Wire is fighting Joe Biden\u2019s vaccine mandate in federal court. Join us in this fight by\u00a0signing our petition\u00a0to OSHA, telling them that you will not comply with this mandate.<\/p>\n","protected":false},"author":99,"featured_media":1891969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1119817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1119817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1119817"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1119817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1891969"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1119817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1119817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1119817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}