~~first of all,i want to say f@@k Scholz for delaying tank deliveries to Ukraine~~
PS:turns out it’s not Scholz’s fault
second of all,as to why German economy is so resilient,you have to understand that,like every country,Germany is undergoing sectoral changes
some booming sectors are chip production,battery production, vaccine manufacturing, pharmaceuticals and most importantly software
since the German software sector is relatively underdeveloped compared to other countries,it has a lot of room left to grow until it starts to slow down
so even if some sectors are declining,others are growing so fast as to compensate
also,this year some supply chain problems started to ease,notably chip shortages ,and the devaluation of euro made German products more competitive in US and China
​
the increase in euro valuation will hurt exports to some extent,but at the same time,imports are getting cheaper(especially things like natural resources prices are usually set in dollars)
the fall in the cost of oil,coal and natural gas on the global market is also helping,alongside stability of natural gas supply
I don’t know if the translation works, but there’s a German saying: Firstly, it turns out differently and secondly than you think.
I’ve heard it a lot. “our economy is looking good”. Which really only says big corporations make massive profits. It doesn’t decrease the financial difficulties of all those that are struggling due to huge inflation.
I don’t want to hear anyone complain about record profits if they’re also going to praise a growing economy.
5 comments
source:[https://www.destatis.de/EN/Press/2023/01/PE23_020_811.html](https://www.destatis.de/EN/Press/2023/01/PE23_020_811.html)
~~first of all,i want to say f@@k Scholz for delaying tank deliveries to Ukraine~~
PS:turns out it’s not Scholz’s fault
second of all,as to why German economy is so resilient,you have to understand that,like every country,Germany is undergoing sectoral changes
some booming sectors are chip production,battery production, vaccine manufacturing, pharmaceuticals and most importantly software
since the German software sector is relatively underdeveloped compared to other countries,it has a lot of room left to grow until it starts to slow down
so even if some sectors are declining,others are growing so fast as to compensate
also,this year some supply chain problems started to ease,notably chip shortages ,and the devaluation of euro made German products more competitive in US and China
​
the increase in euro valuation will hurt exports to some extent,but at the same time,imports are getting cheaper(especially things like natural resources prices are usually set in dollars)
the fall in the cost of oil,coal and natural gas on the global market is also helping,alongside stability of natural gas supply
I don’t know if the translation works, but there’s a German saying: Firstly, it turns out differently and secondly than you think.
I’ve heard it a lot. “our economy is looking good”. Which really only says big corporations make massive profits. It doesn’t decrease the financial difficulties of all those that are struggling due to huge inflation.
I don’t want to hear anyone complain about record profits if they’re also going to praise a growing economy.