Germany's Economic Decline: Urgent Reforms Needed as Sentiment Peaks
407 sats \ 5 comments \ @TomK 18 Jun econ
Germany finds itself at a critical juncture. While the ZEW Indicator of Economic Sentiment has reached a promising 47.5 in June 2024, the highest since February 2022, the current conditions subindex tells a different story, dropping to -73.8 from -72.3, and missing expectations of -65.
This dichotomy between sentiment and reality signals deep-rooted issues within our economic framework. Recent months have shown stagnation and inflation, which, alarmingly, were the most positive outcomes we could achieve this year. Without urgent political reforms, tax reductions, or social program cuts, the trajectory only points downward.
Immediate action is essential to prevent further decline and restore economic stability.
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63 sats \ 2 replies \ @Undisciplined 18 Jun
TL;DR
Germans:
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42 sats \ 1 reply \ @0xbitcoiner 18 Jun
My gut feeling is that we haven't reached that point yet, but I could be wrong since information often takes a long time to reach the public. I think we're close, though, and if nothing is done, things are going to get really bad.
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42 sats \ 0 replies \ @Undisciplined 18 Jun
That seems to be a lot of people's gut feeling, based on the sentiment index.
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42 sats \ 1 reply \ @riberet19 18 Jun
Is some measure being considered or are Germany's political and economic leaders simply letting things take their course?
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0 sats \ 0 replies \ @TomK OP 18 Jun
no, with the help of the systemic press, which has merged with the political complex, such bad figures are simply dispersed. and the public no longer takes any interest in them. until one day the labor market goes bust
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