German consumers, businesses aren't optimistic about the economy in 2023 | DW Business

Roughly three out of five German firms are pessimistic about the coming year — that's according to a new survey released by the German Economic Institute in Cologne. While some economists are hoping that interest rates will retreat in coming months, prices will still rise unless the rate falls back closer to zero.

#Germany #Inflation #Economy

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[svengrot]

Global growth has slowed to the extent that the global economy is perilously close to falling into recession, the World Bank said in its latest report on global economic prospects. World Bank President David Malpass told reporters Tuesday he is deeply concerned that the slowdown may persist

[mcintyre]

In my opinion, the go to remedy to weather this recession and high inflation is short-term trading, as opposed to long-term trading, most folks using these techniques are netting a ton of gains, sure the risks are higher but yet again isn't the current market equally as risky?

[Dreekwalton]

I’m confident the current market has an equal possibility of making high-value gains or losses, so I'm cautious with my selections; I recently read an article about someone that accrued over $250k in this current market crash, and I could really need ideas on how to achieve similar profits.

[darnellcapriccioso]

Inflation has left Canadians feeling 'squeezed' after prices accelerated at rates not seen in decades last year, economists say. The Bank of Canada aims to keep inflation at the 2 per cent midpoint of an inflation-control target range of 1 to 3 per cent.

[LunaticTheCat]

And Germany has no one to blame but themselves. Very hard lesson to learn.

[asiimwesimon]

Germany is being deindustrialized as we speak

[rattanbata]

US knows how to keep Germany down..
Thankyou US and junior partner UK.

[Jimmy]

They can be understood, there is absolutely no reason for optimism. Russia subsidized the German economy for 30 years, supplying it with cheap energy resources, so German products were very competitive on world markets, and now the growth has ended, stagnation and degradation have begun, and end of which is not visible.

[bikokch]

Inflation won’t stop. We may get a slower rate of inflation but price will definitely go up.

[rogueraven]

The economy is doing better like that lightbulb that burns brighter just before it burns out.

[kingedoftheworld]

I don't feel bad for the Germans at all, this is a self-inflicted wound when you shut down nuclear production, and stops oil exploration. Good luck in 2023.

[davidogan]

Yes Germans are industrious and arduous but they shouldn’t have gotten in trouble in the first place. Inflation in Germany is more than 50% in reality. Basic food costs at least doubled or more such as cream, butter, milk, cooking oil, bread, french fries etc., in less than one year. Electric and heating costs went up 5x. I’d know, I live in Germany.

[user_zyzymvb]

Germany is on the verge of deindustrialization

[CHMichael]

Yes it will - especially because the big energy price spike is still to come.
You're still burning cheap gas. Not the 5x that's still in the tankers.

[jimbouchilon]

Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. Show me a man without investment and I'll tell you how long it takes to go bankrupt. Investing creates a safe haven for the future. With the right investment choice that has at least a 10% minimum risk and with the advice of an expert, profits and interest is guaranteed.

[disanKh]

That's what we called
" Solidarity Deindustrialization "

[Lords]

Deal with it and stop crying. Otherwise fight the war yourself.

[thesilentone]

Go to a sewage pipe stop venting the gas and start collecting the gas to make power and sell for people to cook with.

[Galtj]

As long as the US keeps printing money it will in most countries but thanks to all the countries helping soak it up.

[rollingdownfalling]

The debt to GDP ratio for Germany may increase. Because for medium to small business to survive, I believe business needs gov to subsidize energy bills to survive, but the GDP maybe affected because industry are leaving the country, hence less tax income. Even though Scholz went to Qatar for natural gas, but LNG in general is more expensive than pipes. Additionally BASF would likely to downsize as quickly as possible in its Ludwigshafen branch and would likely be increasing its dependency in China. This may affect agriculture. Germany has very few options imo.