Industry savings increased from 4% in September 2021 to about 24-27% in late 2022. This happened without an economic collapse. For example, manufacturing output in Germany remained relatively stable and part of the volatility in the automotive sector was due to supply chain issues, not energy..
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.