There appears to be a correlation between energy use and economic growth but as to the direction of causality we'll have to leave it to Greta GmbH.
From OilPrice, October 30:
Germany, the European Union’s largest economy, is set to see a significant drop in oil consumption for 2023 as economic output shrinks, crimping demand for industrial fuels, Bloomberg reports, citing an interview with the International Energy Agency (IEA).
With only Pakistan on track for a steeper decline worldwide, Germany is poised to lose 90,000 barrels-per-day of oil consumption, Bloomberg cited the IEA oil market analyst Ciaran Healy as saying.
“Oil product demand, which includes biofuels and direct crude burn, will fall by more in Germany than any other OECD country during 2023,” Healy told Bloomberg on Monday, adding, “Globally, we think only Pakistan will see a steeper annual decline.”Germany’s GDP fell slightly in the third-quarter, shrinking 0.1% compared to the previous quarter. At the same time, Germany's Q2 GDP has been revised to indicate 0.1% growth, while previous calculations had put it at 0%. Q1 GDP was also revised higher. Germany’s Q4 2022 GDP was down 0.4%.....
....MORE
Also at OilPrice, October 20: Uranium Demand Hits Decade High As Nuclear Renaissance Gains Traction
