Modeling a full #embargo on #Russian gas for Germany, worst case scenario, with 5 industry sectors coming to a full stop over night, results in a reduction of GDP of around 3%. Tough, but manageable. We had a pandemic drop of 4% and are still here. Source: various research. 1/2
@tagomago@michel_slm Which is why I have embraced patience and stubbornness as my personal superpower ;) Compared to 20 years ago, many things have already changed towards the better side. This will continue. Temporary setbacks won’t change the direction we’re collectively taking.
@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.