Germans are afraid of the future. They are good, we should have them too
According to a new survey conducted in Germany, in just a few months the Germans' confidence in the strength of the country has collapsed drastically: according to a study by Allensbach, 50% of Germans believe that in ten or fifteen years the Federal Republic will no longer be one of the leading economic nations of the world.
In 2022, this percentage was only 30%. In contrast, according to a study commissioned by the CDU/CSU parliamentary group, only 31% are now convinced that the state will play a leading role (2022: 48). The document was presented to the union faction's executive committee on Thursday evening.
According to the survey, the mood of the population and the economy has deteriorated enormously. 58% of business executives say Germany is past its peak. 68% of the population believes that the sector will suffer a lasting weakening, an equally large percentage consider it a serious problem. 76% of executives also believe that concerns that high energy costs will lead to deindustrialization are justified.
This had already been shown for some time by the PMI indices in all sectors , which had been negative for some time.
The loss of confidence also has to do with the 'traffic light government'
Only on Wednesday did the federal government decide on a package of measures aimed at reviving the sluggish economy. Chancellor Olaf Scholz had repeatedly warned against bringing the country into crisis, but only 41% of those interviewed still believe that Germany is an excellent economic location: a dramatic drop compared to 2022, when 71% said so of the interviewees.
Instead of 15% last year, today 50% doubt it. 83% find cutting red tape particularly important, followed by modernization of administration, digitization and better education in schools and universities
The lost trust is clearly linked to the semaphore government. According to Allensbach, 76% of those interviewed doubt that the traffic light coalition could lead to growth in the country. On the other hand, 55% believe that the government's policy still weakens the economic location, only 10% believe that it will be strengthened. The values of perceived competence in the parties are consequently low: only 7% each trust the SPD or the FDP to be able to strengthen the seat. For the Greens it is only 5%, for the AfD instead 8 and for the CDU-CSU 27%.
The Germans are afraid. They are right, we should be too
The Germans are afraid, and they are absolutely right. The weight of the German economy on the world one is falling
Weight of German GDP on world GDP
The green hallucination that has its center in an industrially increasingly irrelevant EU is driving the nails into Germany's coffin, with more and more bureaucratic constraints, asphyxiated investments and disproportionately expensive energy.
We are even worse off, especially demographically. Economic and cultural uncertainties are destroying the desire to have children. We have no future, and not just an economic one, but that doesn't seem to worry anyone.
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The article Germans are afraid of the future. They're good, we should have some too comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/i-tedeschi-hanno-paura-del-futuro-fanno-bene-anche-noi-dovremmo-averne/ on Fri, 01 Sep 2023 10:00:53 +0000.