What Happened to the German Economy? | German Economy | Econ
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For a while, Germany experienced the longest period of uninterrupted growth. The German economy thrived on high-quality manufacturing and export-oriented policies, establishing itself as a manufacturing powerhouse. Notably, exports accounted for 47% of the country's GDP, a significantly higher proportion compared to large economies like the US, China, India, and the UK. In 2015, Germany's trade surplus amounted to approximately $255 billion, equating to nearly 7.5 percent of its GDP.
However, the German economy has since slowed down and now lags behind the US and most of Europe, with its growth rate continually decreasing. While it is easy to blame Germany's economic problems solely on the energy crisis caused by the war in Ukraine , the truth is that the country already possessed significant weaknesses before the crisis. The invasion of Ukraine has exposed Germany's dependence on cheap Russian energy, exacerbating its longstanding economic challenges.
So, what exactly happened to the German economy?
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Hooton
Nicer
Kalergi
Kaufman
Morgenthau
Balfour 1917, Havaara 1933 -germany was sacrificed for build Israel u fools.
have further fun with the FED : )) 4th of july...lmao !
attack on nord stream by USA is also had detrimental impact
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Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@martingiavarini please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@hermanramos7092 My consultant is‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@martingiavarini Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Bitcoin
Put bitcoin buy order at 37K
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
I agree, reason I have all my invt-decisions ran through a coach on a daily-basis, it’s been 3years and counting and I’ve grown over $2million in gains, my coach's-analysis so far has steered me off losses and troubled waters and guided me make the most off major-breakthroughs in the mrkt, and esp. in this downtrend, her safe haven asset- trading, short-selling, ETF shorting skill-set are very essential..
I've been thinking of going that route, been holding a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you coach could aid me with portfolio-restructuring?
It amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that oppor-tunities abound in the financial markets, The only thing is to know where to focus....Thanks so much Rahul Sahil Gupta....
Working with a financial professional can actually help you prepare for life financial struggles. I'm glad I was able to call my coach Rahul Sahil Gupta since I was actively cashing out from my portfolio and finally made over 370k just in the first quarter while everyone else was crying about the downturn. early this year......
I appreciate the advise. Finding your coach online was a simple process. Before we planned our phone call, I checked him up online. Based on his online resume, he appears to be knowledgeable.....
I've been struggling with finances for months after my divorce, and I just discovered his exceptional resume when I Googled his name. I consider myself lucky today haha🥰🥰
Gupta Rahul Sahil. Many traders and investors out there have benefited from strategy; thanks to his program, I was able to quickly recoup my losses during the crash....
With the help Sir Rahul Sahil Gupta I've gained perfectly well from my investment. The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
I had a terrific run in my first year in the financial market, so I believed I had a handle on it. However, things changed during the epidemic, and I wanted to diversify into safe assets, so I engaged a coach, who designed a structure that corresponded to my annual objective of $400k.
How can one locate a trustworthy financial planner? I wouldn't mind finding the expert who assisted you. In two years, I'll be retiring, and my much larger portfolio might need some management. avoid taking any chances.
yes
Well, now I really don't see a real long-term descent.
It was foreseen by some analysts and organizations+.
Exports to the USA and China are down and higher interest rates slow down the economy because you can't get new cheap money for investments + because of inflation people buy less = less demand = less sales
But low demand and higher interest rates help fight inflation, so it's a question of what you want more of, but also a balancing act that can go this way and some months the other way.
And if you look at the bond market for German government bonds and Germany's credit rating (still the best AAA, the U.S. has AA+), investors and the world market do not see any long-term problems, otherwise there would be more chaos and bonds would fall sharply.
And after the last few turbulent years and many hurdles, it was also foreseeable that Germany which is very rigid in its policy will first have losses, but so far with the lightest and most bearable recession that there was with without really big impact, which we feel massively in everyday life, as the British just have far more problems.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million dollars. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
In a nutshell:
1. dependence on gas imports and a homemade energy crisis
2. demographic decline causing a shortage of skilled workers in a lot of important fields
3. failing to attract (high skilled) immigrants with way too much bureaucracy, high income tax, language barrier etc. to solve demographic change
4. general dependence on exports and global value chains (this is the biggest problem right now, as trade restrictions will only become worse)
5. not being a country where businesses can be easily set up (e.g. lots of bureaucracy for businesses, high taxes and not a lot of risk capital)
6. a foreign policy which often times misses German interests or only looks at interests of very few big businesses such as VW
Also handicapped government investment due to hard debt limit rule causing infrastructure to erode
@@sblbb929 yes, I don't understand how this rule kept up when Germany has so many structural problems
Forgot to mention precarious & mostly unskilled mass immigration into the welfare system which has become a massive strain on public finances and society as a whole. Over 5mio people since 2015 alone. Skilled and well educated Germans are escaping the heavy tax burden in droves.
And a refusal to invest in digitization
@@ordoabchao4202 hab den AFD Wähler gefunden
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial adviser is Olivia Maria Lucas she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I appreciate the knowledge you've provided. But this administration has putting so many families into difficult situations, I pray for our country, we need compassion for the American my country.
Things are getting worse these days, if you don't find a way to multiply your income, you might wake up one day to realize you did not mean well for your family
Most family are struggling to survive. meeting Mrs Alyona Lewis has brought me great success. Even with the economy situation I'm still sure of my $ 15,000 weekly
Are you talking about *Mrs Alyona Lewis
Yes, she does and is very accessible with the username........
@MichelBarnett
The biggest reason is energy. Without cheap Russian gas, the German industry have to fork out more money for energy which is then passed on to the consumers. This inflates the prices making it difficult to compete internationally as countries have cheaper access to energy such as India and China
German energy was never cheap...
@@joaquimbarbosa896 Germany is paying 3x more for American LNG. Pipeline is cheaper than LNG due to easy transportation process. LNG requires natural gas to turn from gas to liquid state and then shipped from US to Germany via a specialized tank. It is then transferred to an LNG terminal which is re-gasified back to gas state before flowing the gas via pipeline to consumer. If you think German energy was never cheap before, it's about to get very expensive now.
@@ViolentCabbage-ym7ko LNG is more expensive then pipeline gas, but the 3x price was not because of that, and prices have fallen to normal levels already.
That doesn't change my point though, german energy was never cheap. Germany developed with expensive eletricity, and eletricity is already getting cheaper in Germany. It'll never be the same as before, but saying russian gas was the reason Germany developed is stupid to say the least
@@joaquimbarbosa896 maybe the possible reason for the decline in energy prices decline is the industiral decline? If you shut down a factory, then you don't need any electricity
@@shrimpballs2996 Thats part of the reason, but decline in gas use, gas prices, coal prices etc also helped
In my opinion, two important points that have not been addressed enough are the extremely high taxes and the bureaucracy. The high taxes make it unattractive to invest in Germany. In addition, the slow bureaucracy in Germany slows down everything, which also makes Germany unattractive. It will only get worse in the future, we are just living off the rest of the prosperity that was created in the 70s and 80s.
bullshit. 16 years of CDU have mismanaged the German economy and ignored rising inequality and it bites Germany in the butt now...
So the government needs to do a lottt of reform. But I'm a foreigner and looking at it I'd say maybe or probably
Germany didn't get this far by regulation and lowering taxes like UK and USA who aren't that much better off.
High Taxes are great!
This is what happens when layman spout their biases with no education on a topic.
I just moved to Germany after Living in India and China. Here are my thoughts 1. Almost little to no digitalisation. Tonnes of jobs that can be replaced by digitalisation and the manpower can be utilised in industrial, IT and other sectors.
2. Crazy taxes, i pay 40% tax which is making me leave Germany asap. Wages are crazy low compared to new inflation. It makes Germany less interested for skilled workers to move here compared to US and Singapore.
3. New companies easily get in the comfort zone and don't want to expand their services overseas.
4. Lack of infrastructure and local government support for new startups.
I’m a Chinese and also living in Germany, i couldn’t agree more…
I live in Austria, which is very similar to Germany.
A problem is that many young people only want to work part time and/or have no interest in doing an intellectually challenging job like engineering or software development. There is almost no mentality for startups and many young people in the large cities are quite anti-capitalist. Many people in rural areas value mechanical work very much and consider people who get higher education in science and engineering as "too lazy for real work". Most people either vote for social democrats and greens who increase taxes as much as they can or the conservatives and right-wing populists who support traditional business models which barely survive on the free market.
Well said. The party “CDU“ messed up the digitalization
Tax is so high because you pay your entire wellfare, i dont get why forigners dont understand that
@@aggravated_assault thats not the whole story. Healthcare is separated from taxes. But a lot of taxes are wasted for bs.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
@jacobstones809 She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
someone has to lose money for others to make money
Bots detected, reported
Contrary to what is suggested here, Germany’s “decarbonization” efforts (along with decommissioning nuke power plants) have been a major cause of their economic decline. Relying on weather-dependent electricity sources is a losing strategy.
Germany is not as innovative as it used to be. And in the automobile industry, other countries have now caught up and surpassed Germany and the result is that demand for their cars has fallen dramatically.
The car industry doesn’t make up that much of Germany‘s economy so it doesn’t create such a huge impact. Germany has the 2nd most diverse economy and most of Germany‘s economy is made up out of small and middle-sized family owned businesses and companies. The problem is the weak financial and economic support for these companies from the German government. That reduces the innovations.
Offshoring manufacturing will take it's toll.
Car sales haven't fallen that dramatically. Mostly due to COVID-19. Volkswagen and other German car brands are catching up.
Name a car Brand that is better than german cars
@@mesmerized3391Tesla for ev and self driving, Toyota for affordability, and Italian for luxury.
It's simple, Joe said to serf Scholtz "destroy your country's economy" and Serf Schultz BareBack and the other WEF appointed minister did just that
What would US gain from that? When both Germans and them are good trading partners?
@@fahadhussain66 MAGA and re-industry
Lack of reinvestment into R&D & stagnant wage growth are blatant examples of how runaway greed at the topmost levels has stalled global progress.
This isn't because of greed but because of bad policy making
@@geolibertarian74 bad policies are implemented at the insistence of the influential greed mongers.
R&D? I think we are not talking about the Same Germany. While Its lower than it was 2 years ago Germany is one of the top innovative Countrys
It is easier to grow when you have fallen even further. Compared to other countrys in the eu Germanys economy shrunk far less than of its neighbours.
“To be an enemy of America can be dangerous, but to be a friend is fatal.”
- Henry Kissinger
Bullshit
Heinz Alfred hatte Recht.
"Loot from friends is always be easier than enemies."
No more cheap gas and energy which is essential for a strong industry, inflation and reduction of production as a consequence. That's what happened.
Boy oh boy you don't know how 10000% you are right my friend no lie reality is hitting hard now remember what they said we don't need your dirty energy anymore ahh now look how is haveing the last laugh on winter soon forward back yet again on Russian not sending more energy after the contract end on 2024 on that going to be the biggest blow on America right now is selling there oil on gas 10x the normal price to us big businesses are leaving the country on going to America to get some of that 100 billion dollars all you have to do is move to the USA on there are moving big time
Yup they are fooked
And they call out asian countries for purchasing Rus oil
At the same time they forcefully take immigrants who not match the German way of life. Germans see work as fun and part of their lives. That's not the case in the countries where they get their immigrants from. Approximately 250k German emigrate every year. Those people usually benefited from good and freee education and do not work for a fraction of the wage they get in countries like Dubai, Switzerland, Norway etc.
@@mymotherwouldkillme yes, almost no one talks about it. Germany has a brain drain problem, because other countries pay more, and have less taxes
An Austrian with ambition: My time have come.
maybe you should visit school a bit more
Germany stuck in the past … innovating is dying out due to the massive bureaucratic state following aging process …bad internet network is a clear example of forgotten innovation and of course … cheap Russian energy is not there anymore … high talented people don’t like Germany and the move to other countries resulting in lack of innovation…
Why nobody mentions the euro as a currency as a potential problem? For countries like Germany, the euro was a very cheap currency when introduced and still is to some degree. After its introduction, this led to massive export growth as german products became much cheaper as compared to before the euro. This however also lessened the need for German companies to innovate, because the demand for their cheap products was almost infinity due to the cheap euro. Over time, German companies and the economy overall became less competitive and started to rely more on cheap energy.
When energy prices surged in recent years, all the other more fundamental problems as described above emerged. It seems like very few people understand or want to understand the above mechanism though. Therefore, it is hardly ever mentioned.
What happened to the German Economy? That is a _very_ long and tedious story, elements of which are both well known and unknown. As someone from the European side of the pond, I'll do my best to explain what happened to Germany's (and by extension the rest of the EU's) economy starting with the most obvious:
*Energy:* Yes, we all know this one with Russia, Ukraine, the pipelines etc. However there is more nuance to this matter. Prior to the events unfolding, both Germany (and the EU through the commission) went out of their way to decommission/reduce the operations of all of their natural gas storage units, either located in Italy, Spain, Greece and (when it still was part of the EU) the UK too. Especially during the pandemic, Germany and the rest of the EU went out of their way to reduce the personnel that worked in the LNG terminals, with said people having a unique set of skills and certifications to handle the hazardous materials. Meanwhile Germany, in a 200 IQ moment, went on to close down it's nuclear stations; mind you Germany is a country with little to no known earthquakes. Meanwhile, while other countries have gone out of there way to either explore new sites (Guyana, Iran, Saudi Arabia) or reactivate old ones (USA) to deal with the energy crisis, both German and the EU government would prefer to buy spot prices with the rising shipping costs. And mind you, there have been studies in the Mediterranean, North Sea and off the coasts of France and the Netherlands that have shown proven significant reserves, negating the idea that Europe is a resource poor region. Unless you are either Cyprus or Norway, any suggestion of opening up new fields in the EU will get you drummed out of the offices of power. This however bakes in the energy inflation in all German and EU related products making them uncompetitive, with the brunt of it being bared by the agriculture sector. It is no wonder then why EU governments (looking at you Netherlands), are trying to permanently remove farming from the equation.
*Population:* It is no secret that both Germany and the rest of the EU are demographically declining. Many videos have been made about this and the effects (both positive and negative) that immigration has had in the German and Northern European Markets. However, the issues of migration only show half of the problem. True, there is an undocumented immigrant situation, where many do indeed (some for the better and others for the worse) get fast tracked to permanent residency. These groups need to be brought up to the standards required of the domestic market, which may take sometimes up to years and taxpayer money (assuming that they do successfully integrate). But the real fun begins if you're a skilled non-EU worker (Turkey, Lebanon, South Africa and even USA). If you fall under this category, expect to go through the German bureaucratic ringer for possibly everything and on top of that become extremely fluent in the German language. For skilled labour, the German system can become so stringent, that it's easier to stay if you're a refugee than an actual applicant seeking to work in Germany. Thus one sees many Middle Eastern/muslim doctors prefer positions in the UAE/Bahrain and Americans staying put on their shores. EU skilled labour doesn't have it much better, for while they can circumvent the German bureaucracy to extent, they (especially the southern Europeans) will hit the 'sauerkraut ceiling' of German corporate culture and thus will either seek opportunities in other EU countries or look to the US, Canada, Australia and even Singapore for better opportunities. This ensures the demographic decline and the work output one sees.
*Innovation:* As the video perfectly stated, while the German economy does have breakthroughs, they are mostly focused on traditional manufacturing industries like the automotive one. However, the US, China and many other competing nations are putting their time and resources in semiconductor and other electronic industries which, while expensive and often riddled with failure/fraud, have also often produced some cutting edge companies and innovations. The US has the FAANGs, starlink, Tesla and a whole semiconductor design industry to show while China has BYD, Huawei, YMTC etc. that closely follow. Meanwhile any German/EU tech company that has the potential for greatness gets stifled by a bureaucracy that doesn't want to see the established corporations loose weight, and a system that has been sitting on it's laurels thinking that it's still 2005. Therefore, any European startup tech company that shows any potential, immediately starts looking for the exit once it reaches a certain size often ending up in the US or in Singapore. Meanwhile the EU countries are starting to see their markets being penetrated and out-competed by Chinese and South Korean products while the most entrepreneurial Germans/Europeans are creating more jobs in the USA.
This is a brief synopsis and I'm sure that I've missed some items. But this should cover the basics at the very least.
👏👏👏 Lack of digitalization, Obedient to USA policies, aging demography
@@EmmaNguyen-mg5xq Bad internet, ridiculous bureaucracy, incompetent politicians, an unwillingness for any kind of progress (not only in politics, but in the general population too) the list goes on and on.
If I were to start a company, I would move to America.
The only logic comment here… you nailed it…. Just adding to your comment: stupid liberal and green ideologies
@@angriboi don't forget sky high taxes and stagnant wages it's a circle meant to fail even if people wanna start a business they don't have enough savings because everything is really expensive because of taxes
@@yuriel6691 And not only high taxes, but wasted tax money too. Berlin Airport, Stuttgart Train Station just to name a few. There is a whole German satire show dedicaded to ridiculous projects and wasted money. Higher taxes don't have to be bad if the money is invested well. In Germany, it isn't.
We pay 50 billion Euros annualy for our military, the seventh-ish highest amount in the world. Do we have the seventh strongest military in the world? I doubt it.
Very interesting presentation. Thank you for your work!
I have been living in Germany for 7 years and things are getting worse and worse compare to other western EU countries. The Nr.1 reason for that is the Germans refusal to any form of change whatsoever. Nothing is going anywhere in Germany, wages have barely rose in the past 7years i've been here, while everything costs 2-3x as much as they did. Their systems and many infrastructure they have is very very very outdated and there is no clear signs of them being upgraded to modern standards.
I dont think so,!
Spot on. Just look at the deluded comments under this video. Typical German ostrich behavior, they just love to stick their heads in the sand and pretend they are "Weltmeister" in everything. Getting high from sniffing their own farts. Sad.
I totally agree on this! There is no progress in Germany anymore!
Germany hast the most progress of all the EU countrys!
Everything is amazing and supergreat in germany!
As a German, this should be presented to our politicans.
As a German, that's entirely pointless. They are so incompetent any involvement at all only makes things worse. We'd be far better off without any politicians at all
@@witoldschwenke9492 anarchy yeaaah
@@Zytatus dao
As a German: you should’ve shown that to the former government. All this stuff is old news and the government is actively working on diversifying the energy suppliers.
@witoldschwenke9492 As a German, you should thank all the to little joe blows.
He just crossed out one of his most wanted competitions off his must be elimination list.
I've been living in germany for 2 years now, and I was shocked how the country is far away from the image that we used to have about it as the 1st economic power of Europe
Public transport, health care, administration, network... many fields remain undeveloped
It looks like germany stuck in the 2000
Now that they made Russia as an enemy and closed all their nuclear reactors, I don't think that the future will be bright again for germany
We do have problems in public transport, health care and our especially our administration. Its not all bad but it certainly used to be better. However keeping onto nuclear power is nothing but a gigantic shitshow from the populistic right. Its bullshit to keep them from a technical and economical point of view. I am really interested in why you think keeping them would have been a good idea.
I’ve been here for 4 years and moving to Germany may well be the worst decision I’ve made. Ridiculously bad customer service, crazy slow and expensive internet, stagnating salaries, covert racism and nazism, no willingness to adapt, no desire to upgrade, no chance to evolve. Oh, and last but not least, bureaucracy. You have to send a request via fax to take a dump. Basically they’re stuck in the ‘90. First chance I get, I’m out.
You are right... Germany politics Grün is killing its own economy.
bro come to Italy, if Germany is in 2000 we are in 1870 then
Germany is great,things will getting way better in the future!
Very interesting video. Thanks for sharing your research!
My personal story: I'm Portuguese and I moved to Germany to work for some years, I love Germany. Germany opened so many doors to me, but then, after some time, I felt overworked and underpaid, and I thought some of my bosses were stuck on their ideas, it was hard to climb the "ladder", I started to feel depressed, my ideas weren't really heard and I started to lose motivation. I came back to Portugal, I still take clients from Germany and other countries ( I'm a freelancer Social Media Manager and Content Producer ) - After all these years I feel a bit like a failure, sometimes I wonder if it was better to in Germany, because life is more stable there, at least that was my idea, but I always thought that my integration sort of failed and I took it very personally because after all I love the country. Anyhow, I started to talk with a few of my colleagues and even Germans, and we all agree, Germany's problem is first: having a "closed-off" corporate ladder, and immigrants are finding life tough there. I hope Germany's economy can rise again, despite my "critics", it's still a country I absolutely love.
Well said, while I‘m a „native“ German myself, I have plenty of friends with a migration background. I‘m optimistic though. Germany‘s history has always been about perseverance even when times get tough.
@@SahnigReingeloetet I love you people forever, after a time of economic crisis, Germany gave me what Portugal could not possibly give, and I still have my German friends and clients. I feel like a part of Germany, and I wish my second home always the best
thanks for your insight, appreciate it
Social media/creative jobs are never stable
i agree but i dont believe that in any other country it would be much easier to climb the "ladder". I mean you are an immigrant who firstly has to learn german etc.
Amazing... I am from a SE EU country and just a year or two ago Germany was considered the pinnacle of everything, starting with manufacturing and economy all the way down to how the society works. Now the outlook has changed significantly - bad energy policies, bad digital policies, bad wage policies, low productivity. The cracks that were there for some time have all shown at once, at least from my perspective. Hope Germany gets its act together and becomes the leading EU powerhouse again. Most of us in my country are well aware of how important Germany is for the EU as a whole, we are all rooting for Germany to get back on its feet.
No as a german, i can tell you-
It's going to get alot worse very soon. The AFD will soon be leading the polls and rightwingers trump-types who have 0 idea about legislation and only posture will be running germany.
Currently most boomers and old people (who make up by far the majority of voters) are blaming immigrants for all the problems that germany faces, and they're subsequently voting for the anti-immigrant party that publicly announced they're for traditionalism, against new inventions, against digitalisation, against electric vehicles and deny vaccines and climate change.
It'll get alot worse in the coming years, ask us again in 15 years when we've gone through our period of stupidity and hopefully start rising again. Hopefully.
Wont happen, germany is becoming more and more left and communist - german people are wealth neglected and put questionable ideology above all.
The cracks started to show back in the 90s. But 16 years of Merkel were mostly concerned with hiding the problems and keeping up the look by advocating "fiscal responsibility" which essentially just means: Let's not invest in our future.
Germany deliberately decided roughly 15 years ago to focus on another decade of fossil profits instead of investing in e-mobility instead. And I think this decision will ultimately cost Germany its biggest industry, the car industry.
Deutschland ist auf den Beinen, ist das einzige erste Welt Land in Europa.
As a german i can just say that those cracks were long visible from within, something that became more and more visible for the last two decades. But driven by political agenda, the politics still pursued their course of action and their targets for the future, leaving out hard facts like, for example, the energy problem.
All of those problems are house-made and we, the germans, are responsible for it. We were too secure and thought it somehow will work out, no matter how irrational those goals are for our economy. It's kind of deserved, really. And maybe it's time for us to accept that this golden spoon is something you have to earn with hard work and the right decisions.
Portuguese, moved to Germany 8,5 years ago... it was very hard not knowing anybody and the language barrier, even with perfect english you still need german for most burocracy stuff. Started in a restaurant working part time because i had to pay and study in an integration course for German B1 and Politics/History what i noticed in those beginning times it was incredible hard to find a room to live, expensive as well and when i compared myself to most of my classroom who were from African countries and Syria and were already 2-8 years in this country before me, was that they did not have to pay for the German Course even after failing over and over, and they had a paid place to live as well so most of them did not work either... i found that already really hard to beginn with as a migrant as well having to work, study and pay for all while others who are even years here not, even not caring to learn or integrate themselves which was sad! after working hard for 8,5 Euros per hour those days after finishing B1 German i started working for Temporal working company and worked for a big international company , after some hard working months this company offered me a direct contract , then the hardest part began ... trying to get a permanen contract without having a technical Ausbildung or Studium ( i studier 3 of 5 years of industrial engineering without diplom of course) i can speak 4 languages and it was incredible hard to see people who were lazy and bad at work just because having Ausbildung got a better job and permanent contract while me who was doing a lot better and could do a lot more did not, so this burocracy almost made me quit , but at the end they made a Ausbildung program for the best workers and i was the second best even with my B1 German against others who were their whole life here... i feel proud but even still now is incredible hard to grow even showing off you can do all, you have to have a piece of paper while others who have this piece of paper and can not do much get the job ? The huge amount of taxes , inheritance and the terrible migration politics who are bringing more problems and more unqualified people who represent more $ from the tax payers to pay for them for many years till they find a solution for these unidentified people who can not be deported or anything because they lie of where they come from or who they are... The criminality is getting worst and worst and it´s mostly from those people who they giving residence here... i personally dont even feel safe anymore with my sexuality on the streets after some very bad ocassions with some of them. The energy prices are incredible high, people who do home office and work in office jobs gets more money comparing to others who do shifts and work physically and mentally a lot more than them... it´s a lack of factors than not motivate people anymore ...
pick me Ausländer
Glückwunsch, dass du es geschafft hast. Leider nehmen wir zu viele Migranten auf die nicht arbeiten wollen und zu wenige von denen die wirklich motiviert sind. Auch ein Grund warum die AfD bei 20 Prozent steht. Ich freue mich für jeden der nach DE kommt um hier ein besseres Leben zu haben, viele nutzen das aber leider aus.
@@aQAmaZe07 Danke! sehe ich es genauso wie du, viele nutzen es aus und wollen sich nicht integrieren und es ist ein Gefahr für ein Land wenn eine fremde Kultur und Religion deutchlich steigt. Als LGBT habe ich schon meine schlechte Erfahrung gesammelt.
@@rcpd18 Das ist ein Problem. Ich war es leid als Migrant einen schlechten Ruf zu haben und habe schliesslich Deutschland verlassen. Andererseits, verstehe ich die Menschen die sich jeden Tag mit fragwürdigen Migranten herumärgern müssen und irgendwann eher negativ eingestellt sind. Deutschland macht so vieles richtig, aber es muss endlich anfangen die Schmarotzer auszusortieren und eine Migration einführen die auf Leistung basiert, und für beide Seiten dienlich ist. Das ganze "Lass uns die Welt retten" war als Herangehensweise ziemlich naiv und arrogant um ehrlich zu sein.
Wenn du so intelligent und effizient bist solltest du die "piece of paper " bekommen, anstatt die Anderen zu beneiden
Sad and true, well done review, my friend. As a German with migration background, I am heartbroken to see what the governments have done with this beautiful country in the recent years ..
They are fooked, and they are taking the whole EU with them 😂😂😂 👌
Everything is fine,dont worry!
They are taking austria with them for 100% because Germany is Austria's biggest trade partner.
A perspective to consider:
In many developed countries, one of the common reasons cited for the slowing down of economy is demographic problem i.e., declining population and aging population, causing potential fall in consumption and subsequently inducing falling investment. This demographic issue is a result of societal trend beginning from years ago in which many people purposefully choose to delay marriage and also choose not to have children. Some use economic as the reason for such behaviour, while others, to a large extent, fundamentally comes from excessive individualistic or ego-centric culture/mindset where pursuing individual rights/happiness/personal career is more supreme than the wisdom of having some personal sacrifice for the sake of overarching long-term societal/country benefits and stability. Consequentially, the productive proportion of the population is shrinking.
When this happens, the next trend is about debate on accepting immigration as the only viable solution, supported by many economists, politicians, etc. However, this debate tends to favour accepting migrants in significant proportion, without fully considering, or perhaps many people are choosing to be more ignorant on, the potential long-term implications of such policy to the country, especially when the country is not an immigrant country throughout hundreds of years of its history. One of the reasons this happens is because there is a need to fill the gap to maintain the economy on short-term outlook. Many is looking at short-term impacts only as various governing ministers, politicians, etc. want to be re-elected in the next election and at the same time, due to the system itself, opposition parties will find opportunities to “attack” the government if the governing party seems to fail to deliver. Hence, short-term result comes at a precedence to long-term solutions. On a word of wisdom, however, actions/solutions based on delayed gratification tends to produce better outcome overall and through time although it could be uncomfortable in the short-term. Another reason is the individualistic culture mentioned above which means government somehow cannot or hesitant to encourage society to get married and have more children, fearing it could interfere with so-called individual rights as individual is considered to be highly supreme in the constitution and in the culture.
While it is true that individual rights are important, have its own merits and virtue, and many countries’ constitutions purposefully state this especially when such constitutions are promulgated around the time of end of WW2, to prevent another war or selfish dictators, however, it is also wise to consider the potential negative long-term side effect when people abuse what is good and bring it to the extreme, resulting in the prevention of the country to implement varying wise solutions to many new upcoming challenges, including but not limited to, demographic challenges.
Problem Germany has is not just it's own demographics, but the entire world's. If almost half it's gdp is from exports, and the entire world has aging demographics, then there will be less people to buy it's exports.
Nicely balanced piece with some good arguments.
The economy runs on money.
If real money is invested in the stockmarket. The economy slows down because there isn't enough money to keep the economy running.
yes the birth rate collapsed around 2006, mainly due to a lack of affordable family housing *thanks to speculators. this then forced the next two generations to live alternative lifestyles, rather than marriage and children. this collapse in the population will cause famine by 2030. in particular the uk which is import dependent.
Thanks for this great comment!
Germany is collapsing as is the rest of EU.
Yes, but Russia, Iran, Turkye, Syria and China will collapse first.
Previous success model usually block people to adapt to new technologies, then the old success model may become the barrier to use new technology.
Take the simplest demand/supply curve and analyze the shift due to higher production costs. 101 economics.
Germany needs to stop following WEF policies!
The Africanization and Islamization happened to Germany, that's why.
This is wrong. And racist.
@@JoeMama-yw9rd the truth is not racist.
We had years of growth an prosperity. While racism brought us total destruction and millions of death. Islam has its problems, Africa has shitty dictators, but racists are the worst.
87% of Germany is German
Is it advisable to go for studies in Germany currently ??
Where can i find infos about the gdp growth of the differnt german bundesstaten/regions (bavaria, etc. ) since 1900 up to now?
As a German i can tell u: Our administration is saving to much money, our administration is to conservative and thats a reason for the lack of digital infrastructure and a big problem in germany is: the people working against each other and not together. Poor people protect the rich by shouting against other poor people. Germans society is infused with a big jealousy on other persons. In fact, we are stumbling to work together.
Shut up, Ricarda. People jealous but protecting the rich, you spout more nonsense than on Anne Will
Well and the administration spending too much money on absolute garbage and completely useless buerocratic red tape which crushes all innovation, motivation and progress
Als Deutscher kann ich das nur Bestätigen, weshalb ich nach meinem Fachabitur lieber Selbstständig werde und Auswandern will in ein besseres Wirtschaftliches Land, wie z.B. Kuwait oder vielleicht auch eher ein günstiges Land wie Indien oder Thailand, da man dort sehr gut vom Deutschen Gehalt Leben kann. Deshalb ich eher mit der Digitalisierung mitgehe und von Zuhause aus Arbeiten möchte.
So denkt aktuell auch jeder 3 in meinem Alter, genau dass ist auch das Problem weil jeder sieht wie die Wirtschaft zusammen stürzt, bald können die Jüngeren garnicht mehr die Renten von den Älteren Generationen bezahlen, weil jeder was anderes im Kopf hat und nicht für ein Gehalt arbeiten möchte womit er nur knapp von Leben kann, sowohl das aktuell schon die meisten Rentner viel zu wenig Rente bekommen und meist immer noch irgendwo Arbeiten müssen um wenigstens noch Essen in Ihrer 1 Zimmer Wohnung haben, das ist viel zu Traurig.
decrease in labor force = more immigrant needed?
no matter the German people become a minority on their own land?
They can use labours as oil Arab countries do. Those countries don't give citizenship to foreign workers.
@@sapien2503 The rich Arab coutries / Singapore way of doing will never be applicable due to huge differences in terms of society and ideology. But even assuming protecting the German nationality (they recently revised their nationality law and make it the easiest to obtain ever) the society would be full of immigrants and their descent whatever their citizenship status. Ethnic Germans would become a minority either way
@@sapien2503Those countries dont need a local consumer market unlike an industrial country. Also industries need skilled labor with long term commitment unlike construction work or service work.
Hello, I'm your big fan. I always watch your videos well. I want to make a sophisticated video like you. So I'm curious about one thing. How do you make a graph? Are you working on after effects?
it is very refreshing to read outside opinions about germany in the course of the economic decline. as a former german civil servant and now an independent company, i have experienced many aspects of business and administration. as I got older, I became interested in politics and started to delve deeper into topics that were discussed in public. In summary, I can now say that there was/is this "own momentum" on the political side, which over the years has failed to align the interests of the citizens as a whole for the future. Add to this the fact that, especially in politics, very high posts are occupied by people who in the free economy would not even correspond to the average performance and competence, coupled with the complexity of today's problems, this predicts short to medium-term implosions. In my opinion, the wave of migration of German companies that can afford it will increase linearly for the period just mentioned. i was lucky enough to move my business abroad in time, which makes me happier every day and i sincerely hope that my former german fellow citizens will have better times ahead as soon as possible.
9:49
Weil die Führungskräfte in unseren Großkonzernen, vor allem in Wirtschaft prägenden ehemaligen Staatsbetrieben (Deutsche Bahn, die Deutsche Telekom, Deutsche Post), die weitaus großen Einfluss auf die Wirtschaft haben, werden von Menschen geführt, die wahrscheinlich in den 80er Jahren für das Einrichten eines Faxgeräts Innovationsboni bekommen haben. Entscheidungen werden immer wieder von Menschen getroffen, die nicht die geringste Ahnung davon haben, worum es ja geht. Das sind doch Menschen, die es nicht hinbekommen haben, dass die Zukunft, die sie sich vorstellen, eigentlich die Gegenwart ist. Unser Problem in diesem Land geht nicht um die bald in die Rente gehende demographische Gruppe, sondern auch darum, dass dieselben Menschen das Sagen in unseren größten Unternehmen haben und sie bedauerlicherweise sowohl gegenwarts- als auch wirklichkeitsfremd sind und die jede Zuverlässigkeit lobende deutsche Kultur trichtert ihnen eine Scheu vor Risiken und ebenso echte Innovationen ein.
Went to college in Germany. That is true - one of the worst internet access i have experienced
And expensive too
1) Decarbonization IS a problem, not "slow decarbonization"
2) Of what use is economic growth if wages aren't raising?
Great video do UK next!(:
I think the problem is the lack of diversification and innovations in their economy compared to the usa, china(even with small countries such as japan and south korea). That's why their economy is declining
True
The problem is taxation and regulation. What idiot doesn’t move their tech company out of Western Europe
Why? As someone who knows too little about German economy I would guess that most of the economy is owned by too a few companies, or starting a new company is too hard in general..
@@TheESMAT07 it's the the exact opposite
there is large companies but the vast majority is small to medium-sized firms that can't afford a big budget to R&D
Decline in birth rate is the root reason for it.
If one thing can be said to have damaged Germanys economy, it is the end of cheap gas from Russia.
0:47: Germany's economy has slowed down in recent years and is now lagging behind the US and most of Europe.
1:10: Germany's economic problems existed before the energy crisis caused by the war in Ukraine.
1:32: Germany's economy heavily relies on high-quality manufacturing and exports, contributing to 47% of its GDP.
4:07: Low private and public investment in Germany, along with crumbling infrastructure and lagging digitalization readiness.
4:41: Dependence on Russian energy and lack of diversification in energy sources impacting industries and manufacturing sector.
5:21: Declining demand for German goods, particularly from China, due to pandemic disruptions and strict COVID policies.
8:51: Germany has the lowest score in the data-driven public sector dimension among OECD countries.
9:25: Germany's public administration still heavily relies on outdated analog methods.
9:49: Germany falls behind in digital transformation compared to other advanced economies.
Recap by Tammy AI
I think the challenge of EV is another important problem of the German economy
Doubt. VW UP, VW ID4, BMW i3, Audi E-Tron, Mercedes GLQ, Prosche Tycan. Tesla will move out of the market as fast as it came with its bad reliability. BYD attacks other markets. The real problems are, as the video states. Aging population, highly qualified workers moving out, lack of IT Infrastructure, lack of Digitalization (with a population that tries to block off every step towards it) and the energy crisis due to betting on the wrong horse over the years. I believe all challenges can be attacked, as Germany always did. But the real test is Japan, since they are 10 years ahead of the issues my country will face with aging population.
Problem with ev is, there just isn't enough rare earths to produce the batteries. It's a pipe dream, like much of the environmental push
@@NoelmineZockty are you hating on Tesla? 😂 Clearly you feel threatened by it’s success and future potential. They’ve been the biggest car company by market cap for many years and their revenue increases by 25% to 50% per year. In 2023, it’s estimated that their total revenue will be over $100 Billion
@@tylerclayton6081 inflated stock, bad-looking cars outside and inside, having to get them to repairs 5 times a year because of some blatant stuff like car doors not opening properly. 😂 No thanks, the used Audi that I bought 5 years ago never got broken in these 5 years. The only time I have to see the mechanic is for service every 2 years.😂
@@innocentwifeofallnerds-rl2qq Huh? First time I have ever heard that
Germany’s business model has been built on cheap energy and labour to export relatively cheap (for global standards) qualitative products. The statistic on wage growth indicates to what extent the german model is built on cheap labour, the flip side to that is pensioner poverty that is much more an issue in Germany than in other countries. Unfortunately for them, the energy price increase acts as a vicious circle. Not only is production cost increasing, and competitiveness decreasing, but it also pushes workers to breaking point given subpar wages. Add to that green politics that add additional strain on the german business model by enforcing ideological, yet business unfriendly, policies, and you get why their economic model seems to be struggling.
It’s IT investment is also very poor. It’s way behind digital growth.
Politics, energy prices, migration.
Then again, as a German I only consider up to 20 countries to offer a better perspective.
* Switzerland, Norway, Sweden, Denmark and Finland (if you can deal with the climates)
** Japan, Taiwan, Singapore - crime is crazy low and food heavens . JP has population decline though, JP and TW are subject to natural disasters and Singapore has a climate which is hot and monotone and the humidity is crazy, same like here in Hong Kong. Japan anyway only an option for those who have citizenship or a JP spouse .
*** Australia, NZ, Canada, U.S. (U.K. ??) - classic
****Depending on business, or for retired people: Dubai, Spain, Italy, Portugal, Croatia, Israel, Thailand, Poland, Hungary.
Held hostage by policies from across the ocean, Germany suffered due to such consequences, where their own destiny and policies crafted abroad....
"Germans realy dont spend much"... 😀 that is a colosal understatement ...
Good quality content. Can you please tell what mic you use for the voiceover ? Or what service? It would be a huge help. Please.
Love from India ❤
He is indian, my friend
I am from germany, we can‘t consume, because our healthcare, pension and income taxes are too high.
Cheap Russian fuel was behind that growth
Germans need to start having more kids if they care about their culture, history, future, traditions.
There are not enough kindergarten slots for children, both parents would need to work to earn enough money to have enought for more children, and grandparents can't be asked to look after the children, because pension entry age gets higher and higher and therefore have to work, too.
Let me tell you something guys. I am living in Germany and since a long time I am thinking about moving out of this country. Probably the main problem of the germans right now is:
We produce very competent and high educated motivated employees, but we don't have a system to hold them.
On the other hand, we welcome less competent and educated people and offer a system to hold them here. Thats why the politics and general functional positions in Germany are dominated by "stupid" people. In the same time it isn't getting a change because many people who are able to make a change, use their "changing" ability to change their home country.
Ah yes, nothing of this has to Do with the economcy crisis😂
France has same problem
Can you make a video about Poland, please?
nothing happened! we invest heavy in reneweable energy like a lot other European countries. That costs a lot, but once it's done, we just go on. Other countries have to face that in the near future as well.....
europe is DECLINING...
Yes, just because of Germans policy in EU.
@@pawlo79pl Nope other countries are just having more resources to catch up. 80 million Germans cant compete with a billion Chinese guys stealing our knowledge and therefore our headstart
Some key points are missing here, and they may be more important:
1. Dependency on China. It´s not just VW that depends on the chinese market, the entire german economy - especially chemical and engineering industries - is dependent on China. The long period of growth Germany had was based on chinese demand.
2. Weak Euro. If Germany still had the D-Mark, german goods would be much more expensive, but thanks to the relatively weak Euro, these goods are quite cheap. This contributed to german growth for at least 10 years.
3. Migration. Since 2015, 2 - 3 Million people have migrated to Germany, mostly lacking qualification and skills that the job market is looking for. Many of them still have no job or a low paid one (which isn´t helping much either, since social services are rather paid by those with better wages). At the same time, many germans (about a million per year) leave their country to work somewhere else, and they are the ones with high education.
Take these on top of what is mentioned in the video (the demographic crisis is the most dangerous one), and you have a pretty dark prospect for the future.
What is wrong with having China as a trading partner? Are the rivals of the USA automatically a problem for any other Western Country? We've heard similar things before with Russia 'Weaponising' its position as biggest Gas Supplier to Germany but it turns that the USA actally wants to impose its very expensive and uncompetitive LNG on Germany and the EU by doing everything to disrupt the Gas-Trade between the EU and Russia. Funny enough, Russia still honours its delivery contracts even with Germany supplying Ukraine with Weapons, insults et alle! Some 'weaponisation'! So tell us the 'fairytale' about China Trade Dependency.
The new people have high qualifications in raping and other crimes.
Well said
If you say migrants you refere to people from middle east?
Balkan people are going to Germany but they work there and pay taxes, and there is so many highly educated people from Balkan countries in Germany that contribute to a Germany.
I think he's talking about the overall ratio, like yes, "there is so many highly educated people from Balkan countries in Germany that contribute to a Germany. ", and there are also a lot of mid-eastren Doctors (migrants and refugee)
But the ratio should be better, at least that what I understood from Deutscher's in the comments. @@JeZZGro
Wow.
Stunned.
Never seen a non german talk so brutally but so truly about issues like digitization, failure in policy to adapt, export dependance etc.
Most people, even in the comments keep to surface level bla bla "oh the russian energy we are doomed" yadeeh yadah but you really nailed it.
Good job
I live in Germany. :) Envious?
@@Terric90 nah I do too
@@glntv5217 Wie wär's dann mit Deutsch? xD
@@Terric90 weil des video auf englisch is du lostie
@@glntv5217 Ich dank dir für die Antwort!
German industry in pact with Labour Unions and Chamber of commerce since the era of Gerhard Schröder, effectively imposing wage cap, is seen as perfect democracy and free market though. IN other countries it would be seen as massive institutional level cartel and cullusion.
You did not mention the most and main factor hindering economic growth - is berocracy and paperwork. Just to get a permit to work, build a business - the process is annoying and does not even worth it. It's hard even for Germans themselves, not to mention foreign skilled workers. Why would anyone stay in germany for a long time if other countries nearby offer less berocracy centered systems, better benefits and less taxes.
Its no problem at all!
@@brunoheggli2888 for you maybe, for the rest of the world , including Germany, big problem.
@@ahmadhuseynli2073 Things getting way better every year,in germany the EU and the world!You are still young so you can enjoy the beautyfull future that is coming!
@@ahmadhuseynli2073 Everything is getting better and better!Superlow unimploynend,nice clean air and water,gasprices coming down,Ukraine will winn the war,winthin 5 years we can buy cheap oil and gas again from Russia,there is no better place to live then in central Europa!Good food and wine,perfect public transport,enough jobs and good educated people!It could be better then paradies in heaven if we would not get old and sick!
@@brunoheggli2888 i wish its true, but I don't know where are you located and from. I am living I Qatar and I escaped from Germany luckily. Just read comments how unhappy people living there. Low miserable salaries hard restrictions, dual standards towards the foreigners. Many unnecessary complicated rules and standards.
I‘m from Germany and I recommend to replace the politicians with professional Age of Empires players.
Chinese consumers switching to Chinese electric cars and Tesla will hurt German and Japanese auto industry
0:58 Does anyone know what this sound effect is called?
Maybe typing machine FX, or sounds that go for low to high pitches, somewhere along those lines.
Safe lock sound effect
German quality has collapsed, they used to make excellent cars that were always high up in the reliability comparisons, they are now ranked below French cars and nowhere near the Japanese levels and worse than Korean cars. I bought a German dishwasher in the nineties, it was fantastic and lasted 17 years, I gave it to a friend and got a new top of the range Siemens, it failed after 6 years and it had won lots of German awards, clearly a marketing tool and nothing to do with reality.
Solid video, but one thing that struck me was that "it's school buildings and roads are crumbling" at 4:25 is a bit of a reach. I find that incredibly far from the truth, most roads I see are very well maintained, many of which I can see receive preventative care. And all the school I have seen are top of the line.
That being said, Germany will fall behind the world if they cannot digitize their economy and ease up on the bureaucracy.
Well I agree with you on the roads topic but we really do have a massive lack of investment into German schools (45 billion euros are missing to keep up our system rn and its getting worse in the next few years if we dont act careful)
I wonder which German schools you have seen? I am a teacher here in Germany, have seen my schools and I want to leave Germany, because it would never send my own future children to these schools.
Conclusion is they're kind of old school and heavily dependent on exports and now they're paying fortunes for imports of gas and oil from US hence they're collapsing slowly which is definitely not a good sign for everyone still currently they're 3rd largest economy courtesy recession in Japan which was unexpected and Germany avoided recession which was also unexpected, it's probably related to the wage rates as wage rates in Germany is quite less so the consumption expenditure per capita has not been affected except the gas but substitutes are available whereas in Japan wage rates are not as low as Germany which is one of the reasons the consumption expenditure is quite flexible in Japan but it is more sensitive at the same time because uncertainties in the market can easily affect the consumers and they'll start to save more and demand will slump and then lay offs and all the cons of dec in demand will take place in an inflationary period which will end with a situation of recession if not delt properly in time.
Models are fine. However when it comes to reasoning, doubt should not be ignored.
Especially about productivity, the huge amounts of money floating around, should be considered also.
The solution to this recession is that Germany does not continue to implement stupid socialist policies and that Germans do not pay the salaries of the elderly.
Can you PLEASE do a break down of the Australian economy and its future
haha
as long as far east especially australia's milk cow, china, is doing well, australia should be more than just fine !
notes:
g7 working population: 6:13
wage growth: 2:49
Germany has spent a combined 500 billion euros on renewable energy since the early 2000s, I wouldn't say that's "not enough". Their wind and solar capacity is at nearly 150 GW, nearly 3 times peak demand.
therefore, it burns coal and buys electricity from France and Poland. I live 4 hours away from the German border and I know the situation.
Renewable Energy 500
Billion Euros & What Has Germany got From This Huge Investment Nothing Only Traffic Lights Propaganda Germany Go Back To CheapNS2 Gas Discard BlackRock Project Of Victoria Nuland Designed To Detail German Economy
Can you talk about the moroccan economy ??
Yes
the German economy is maybe slowing or have a lack of innovation but it is much better than the UK economy and the prospects of the future are also bette , Germany is not alone it is in the biggest market in the world with a 450 million people so no need to worry about it
We do have some challenges to overcome but well manage that. The most harmful thing for the German economy is this pessimistic attitude I have never expereinced before. For some reasons big parts of the population (Especially the populistic right wingers) are acting as if Germany would be doomed to failure wich is far from truth..
Saying Germany has not invested in _alternative_ energy sources is like saying the Pacific Ocean is not wet enough.
Germany is by a long margin one of the pioneer countries in green energy.
The problem is green energy is not uninterruptable or economical yet, and won't be so till there is reliable storage technology and/or sustainable fusion reactors. So called _green_ energy is extremely grant and tax-exempt hungry, and usually ends up costing the government more in giving grants and offering tax exemptions than the income it generates. On top of that, factories can't wait for the rain to stop, the clouds to go away or the wind to start blowing, hence a _green_ grid just isn't reliable enough for a manufacturing heavy economy. Thus Germany has no choice but to retain its combined cycle power plants, and it's having a hard time sourcing the oil/gas it needs since it's not trading with either the first or the second holders of the highest oil and gas reserves in the world (Russia and Iran).
I live and work in Germany for the time being salaries are low and people are cheap people and tax is very high basically u work to rent and stay alive it is sad and people still here still close minded and immigration policies are poor comparing with other developed countries….I’m thinking to leave cuz it is not worth it 😢
The long term problem is that the employers have „won“ the struggle against unions in Germany, and skilled workers started migrating to better places. This victory turns out more and more to be a pyrrhic one, as skilled workers become more and more scarce, and mainly unskilled workers are willing to migrate to Germany.
Additionaly the success in competing on the world markets was largely based on affordable energy. With the current energy prices, other countries can offer same quality production cheaper. Building enough solar panels and wind turbines will fix this in a few years, and for those who don’t want to wait that few years, making peace with Russia and getting cheap energy from them again offers a much faster way out of recession and poverty.
suggestion at 6:49 its not 6 million in 2012 but between 2006-2007.
The decreasing productivity was also influenced by the chip crisis, which had a huge effect on the german car manufacturing industry.
A major problem for Germany is it's bureaucracy. It slows the entire country down significantly
Especially that there are 16 federal states who largely all do their own thing.
There is currently a big shift in german working culture (average working Hours per week 35h and less down To 20h) and in Money Spending (much More second Hand, bikes Not Cares, More sustainable living culture). I like the Transition… growth is Not the Most Important thing…. Dont wanna have American conditions
And we Americans don’t want to have German conditions either with high household debt, low salary, small homes, and even smaller meals. Not to mention a war on their doorstep. No thanks. We will continue to rise as Germany declines. The brief prosperity that the Americans blessed Europe with is coming to an end. It’s time to come back down to the volatile reality of life in Europe. The life that your parents and grandparents know all too well. The days of trying to live lavishly like Americans is over.
@@fatboyRAY24 Well I dont even know where to start. The USA has a higher household debt that Germany, France, Italy. Indeed you have bigger homes but your infrastructure is car depended. Cities are not walkable and the whole suburbia virus has crippled most of your mayor cities budgets. Which leads for example do dying malls while they thrive in Europe. Americans didn't bless Europe. They followed there geopolitical strategy against the USSR and later Russia. The life of my parents/grandparents wasn't bad either. I don't know if it is a lack of education in your country because of high university costs or if the typical American is really that narrow-minded.
@@fatboyRAY24 Great manners trying to make me down with such unreflected reasons! Thats the behaviour parts of the world like so much about Americans.
@@nicoharz2292 as an indian person, my country has much more to learn from Europe rather than the Yanks with their " 'Murica,Fvck Yeah " Attitude .
Ignore him
Are you saying Germans are now working less ? Personally I don’t blame them as, for me, Covid changed my whole outlook on work. I work 4 days a week now but into longer days so I squeeze 36 hours in 4 days and I’m much happier. Personally I’m tempted to cut my haours down though not by much. For me I’d rather have more free time and quite honestly don’t give a fuck about money as long as I can afford mortgage, food, etc then I’m happy.
This damn, Vid deserves more than one Like
Why?
Sub standard li ir batteries ? With Motorola (this phone).
Germanys economy was the Gold Standard for a pre computer world. Cars, Plains, Machinery, Chemistry. Knowledge, ingenuity, infrastructure and quality and safety regulations was what made “made in Germany” famous. Then came the computer… and because everything went great without it it was never adopted.
When big companies started to adopt it everything became a huge mess. They didn’t want to but they know they had to. It was never “how can we make process X more efficient? We could use a computer!” it was always “We use a computer now! For what? Idk.”
And now that is what bites Germanys economy in the nether regions. Still to this day 70% of Germanys workforce does not know how to operate a Windows computer and why would they, it was never set up to make sense. The programs they use are from 2006 or TH-cam ads. Bureaucracy went crazy because everything has to be done on PC and Manual instead on one or the other. Different German state offices don’t have shared databases.
As someone who plays strategy games and is a software developer it itches my fingers to optimize the system.
You can make hearts of iron 5 modern day with economic simulation
Dogs are treated better than a German industry worker ;)
Well, now I really don't see a real long-term descent.
It was foreseen by some analysts and organizations+.
Exports to the USA and China are down and higher interest rates slow down the economy because you can't get new cheap money for investments + because of inflation people buy less = less demand = less sales
But low demand and higher interest rates help fight inflation, so it's a question of what you want more of, but also a balancing act that can go this way and some months the other way.
And if you look at the bond market for German government bonds and Germany's credit rating (still the best AAA, the U.S. has AA+), investors and the world market do not see any long-term problems, otherwise there would be more chaos and bonds would fall sharply.
And after the last few turbulent years and many hurdles, it was also foreseeable that Germany which is very rigid in its policy will first have losses, but so far with the lightest and most bearable recession that there was with without really big impact, which we feel massively in everyday life, as the British just have far more problems.
I am curious about how the German leadership is reconciling the destruction of the (2) Nordstream pipelines and its impact on its economy.
The current German leadership isn't going to be around for long according to poll numbers and the fact that their coalition is falling apart
Considering both pipelines were empty and shut down when they were destroyed, who cares. They were empty. And they weren't going to get filled any time soon either.
By "German leadership" I assume you mean the US state departments, as they're the ones in control of the vassal state of Germany. They're very happy that Norstream is gone. Victoria "the whore of Babylon" Nuland even said so in congress. She straight up admitted she was overjoyed that a supposed ally's critical infrastructure was blown up.
Schulz the little lapdog that he is simply barks and wags his tail when he's told to do so.
Germany needs more solar panels to stay warm in the winter. They need more windmills to run their industries. They are on the right track, getting rid of gas and the nuclear plants. This will all work out.
Lol
Sarcasm.....I love it
I think the right question is what happened to German politics? Economic problems are simply the result of stupid decisions.
I would also say, that Merkel is pretty much responsible for what has happened with German economy
do not worry. Germany has one of the largest amounts of capital in the world, it will make structural reforms and start growing rapidly again
Germany has known for decades how much they depended on Russia for energy, but decided to turn a blind eye on the matter on purpose to favor its economy instead. Same, they've decided to step away from nuclear energy as a PR operation, to appear on top of the green energy process, but at the worst time they could pick.
Regarding the army: they've focused so much on their economy, that military spending have been set to the side for decades. The invasion of Ukraine woke them up. But the German army will take years to truly be rebuilt. Unlike what many people believe, this is NOT a military powerhouse (only to sell their weapons) in any way in Europe.
Germany is forced to do as USA dictate.
1. Germany buy expensive LPG from USA but not by cheap energys from Russia.
2. NS 1,2 are 1/2 Germany asset are destroy by USA but Germany ignore. It 's unreasonable to do that.
3.Germany support local Ukrain-Russia war that far from Germany border that unreasonable.
@@prakorngirodkunkid7877 Germany isn't forced to do anything. They have their own will. US may pressure them but it's no different than Germnay pressuring the US or other European nations.
Yes
@@baronvonjo1929 Absolutely. India is withstanding global pressure but continues to take a path that benefits the country. Today we are at a point where global pressure is irrelevant to India. Germany just lacks the courage to stand up on its own feet and make itself heard, and chart its own path. It just doesn't have the spine to stand up to US.
@@baronvonjo1929 Diagree, When NS2 finished, Trump said that he dissatified NS2 so Germany (invest1/2) can't OPEN NS2 to use. WHY???? Then local Ukraine-Russia war started. Biden said to destroyed NS2 then NS2 had been destroyed.
>30,000 US's military personnels are in Germany that mean Germany is NOT independent country. When does Germany independent?? Till the end of the world???