Post
Topic
Board Economics
Re: Germany surprises everyone, the economy keeps growing
by
Synchronice
on 26/05/2023, 07:46:46 UTC
Surprises? Germany losing money and being a poor nation would be a surprise, them growing and getting better is not a surprise to anyone at all.

It is to a lot of people, let me quote some
 Germans are looking to firewood for energy as natural gas prices soar

Exactly. They built their massive economy on massive energy they didn't have, and Russia took advantage of it as much as they could for a day like this.
In a recent interview in German TV the head of the Federation of German Industries BDI, Siegfried Russwurm pointed out the increasing number of insolvencies in the country. 30% have already declared bankruptcy while about 60% have claimed to go insolvent this season. Only about 11% of the German businesses has claimed to have no issues! Majority of them claimed that they are going to take their capital outside Germany.

So according to the genius above right now there are only 10% of the companies in Germany alive, weird how you can still have a growing GDP and rising exports with just 1/10 of them, must be that German efficiency.
People were thinking that people in Germany weren't able to buy foods and were starving to death, then I proved them wrong. But they still live in their own or Putin's illusions.
It's not a winter anymore but I really think, maybe I should have recorded a video of me with room temperature monitor in the GYM, in Edeka, Rewe, Aldi but I know, they would say again that either I lie or temperature monitor is rigged. So, I'm not gonna prove them that we live well, I just don't care, I'm gonna only enjoy it.

I think one of the reasons that Germany are doing so well is that the economy of Germany is the largest manufacturing economy in Europe. Germany is also the most open economy amongst the G7 states, with a foreign trade quota at around 98%  Grin

Germany's rebirth as a global economic power after World War II, just shows us how fast they can recover after a crisis, so it was expected that they would bounce back first, after Covid and also the influence of the War between Russia and the Ukraine.
No, Germany is not only the largest manufacturer in Europe but people are working hard, including immigrants who come here, work really really hard.