Germany’s Rising Cost of Living
People in Germany are justifiably frustrated and pessimistic
As inflation spiked over the last 2 years and Germany is facing a recession, German residents have become much gloomier, according to various surveys. Households have seen a variety of costs in their everyday lives surge, which has hit their propensity to buy so hard that the drop in domestic demand has substantially weakened consumer spending. This is dragging down the German economy as real growth takes a hit. In this post, I take a look at some of the major components of living costs in the country and how they evolved, especially during the last several years. If you like this post, please give me a follow here, on other social media, or subscribe for free on my website, where you can also reach me: moneycraft.org.
The Dimensions of German Consumer Depression
At the start of 2024, German residents have already seen within a few weeks, their streets blocked by protesting farmers, their trains grinding to a halt due to unhappy locomotive drivers organizing a crippling week-long strike, and their airports unable to function with passengers stranded as a result of a trade union push for better working conditions and higher wages. All this is happening in the context of a ruling coalition that is rapidly losing…
