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Honestly, the gloom over Germany’s economy is fairly overblown. Germany is facing challenges, but they're by no means as apocalyptic as people make them out to
by eigenspace 3y ago
Honestly, the gloom over Germany’s economy is fairly overblown. Germany is facing challenges, but they're by no means as apocalyptic as people make them out to be.
It’s not really a German recession, but instead a global manufacturing recession. Germany’s economy is highly exposed to manufacturing, and so it shows up more in the country-wide economic stats. If you look at almost any major manufacturing country right now, their manufacturing sector is also in recession.
Many other economic sectors of Germany are doing just fine, especially services. Unemployment is also very very low, so the country is well positioned to re-absorb any jobs that may be lost if some manufacturing companies go under, and those jobs may end up going into more productive companies or sectors anyways.
I moved here from Canada two months ago and I’m really liking it so far.