9mo ago

Germany's economy is on track to shrink for a second straight year

apnews.com

cross-posted from: https://lemm.ee/post/44477622

Europe @lemmy.ml

schizoidman @lemm.ee

9mo ago

Germany's economy is on track to shrink for a second straight year

apnews.com /article/germany-economy-gdp-recession-government-a4d30f2e398d12afbd793d69c5ac76de

15 comments

Almost as if austerity is bad for an economy. But surely the trickle down tax breaks, used as measure will solve it this time around.
- It’s the fascism that’s going to trickle down as a result of austerity unfortunately.
- There's no tax break, they plan on increasing taxes for the nursing care tax. Also taxes for singles got raised earlier this year. They do the opposite.
Fuck "the economy". What does GDP say about anything anyway? Under the current paradigm, just how rich the rich are getting. Fuck them and their GDP, I don't get anything from it apart from ever increasing prices, so why should I give a flying fuck?
„Shrink“? I think you misspelled „growing less than some people want“
- The new forecast that gross domestic product will shrink by 0.2% this year compares with the government’s prediction in April of 0.3% growth and brings it into line with economists, who also have forecast a slight contraction. The German economy shrank by 0.3% in 2023.
Good news is that this means less emissions.
- Not really. This is the perfect argument for our right wing fascists party AfD to shit about our current government and empower themselves. The shrinkage of production also causes a loss of workplaces and people getting layer of, causing fear for the oelwn social security, which can be used by the fascists. And the AfD absolutely does not care about climate change. I think is quite sure that emissions will rise under their influence.
  
  Unemployment rate is at 6%. In 2019 it was at 5%. So no people are not loosing their jobs nor fear unemployment. At least not for a good reason, but right wing propaganda.
  Also the AFD would have to get into government, which if they do not manage it in the recently elected state parliaments, they will not do that on a federal level. That means the CDU will either have a coaltion with the SPD or the Greens. Both probably protecting most enviromental laws.
- Aside of the already said. Poor people drive old combustion cars and don't invest into renewables like solar. They also don't care about politics with that topic as survival takes top priority.

15 comments