German Economy Shrinks in 2023 | What is Causing the German Recession? | Vantage with Palki Sharma
German Economy Shrinks in 2023 | What is Causing the German Recession? | Vantage with Palki Sharma
Germany's economy shrank by 0.3% last year. Reports say it may see another recession this year. Household consumption and government spending have both shrunk in Germany. Why is Europe's growth engine failing? Why hasn't it been able to avert the economic crisis? Palki Sharma tells you.
Also Read: www.firstpost.com/opinion/van...
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Germany | Recession | Eonomy | Europe | Firstpost | World News | Vantage | Palki Sharma
#germany #recession #economy #europe #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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Пікірлер: 282
Is Germany the sick man of Europe again? Leave a comment and let us know your thoughts.
@MukadisAymen-ui8fy
4 ай бұрын
Thnx to the Devil's in Washington yes they're the sick man of Europe again as they want to be....
@r2zee
4 ай бұрын
india is the toilet man of the world
@Dhanapraveen851
4 ай бұрын
Is Luxembourg not sick man of Europe ?
@wanderingsoul7348
4 ай бұрын
Why isn't GRETA THUNBURG tweeting now from her leftist toolkit to show support for German farmers? Why the hypocrisy? Why double standards only against Modi's government in India?
@Inderbaum
4 ай бұрын
No Germany is not sick man of Europe but their political agenda might !
The UK proudly holds the title "Sick Man of Europe". Let no-one forget that.
@kroychoudhury
4 ай бұрын
It is not technically Europe ( EU)
@KijjiSale
4 ай бұрын
that sick man of europe used 20000 soliders to rule india 300 million people for 200 years . what do you called india?
@endtimeslips4660
4 ай бұрын
UROPE
@Your_real_dad
4 ай бұрын
Lmfao @@endtimeslips4660
@xavermooshammer4816
4 ай бұрын
😉 You guys still believe you can always be first - and I got to give it to you, BoJo and Rishi act pretty sick! But our 🇩🇪 Olaf and Robert and Annalena and many more of that special needs kindergarten are WAY sicker. And more infectious... 🤢 So sorry, this time we kick your (...) 🌈💪 😝
Considering how significant the energy crisis has been, a 0.3% decline is remarkably stable. When a global debt crisis comes in the future, Germany will fare better than most, because of their debt brake. This ensures they never let debt spiral out of control, like so many other countries, including the US
@kaimai834
4 ай бұрын
Wenn die zinsen wieder fallen dan gehts wieder rauf
@CyesH-we6oo
4 ай бұрын
Unfortunately, Germany will definitely get hit hard since a significant portion of their output is related to exporting to those countries with out of control debt. I believe it is about 50% of their GDP. (To add: the US only has about 1/10th of their GDP on exports.)
Germany is struggling not for it's Russian oil dependence,but for being a servant of U.S.
@coremaw
4 ай бұрын
Specifically, the overrated environmental policy.
@Marre480
4 ай бұрын
And selflessly throwing money to China in order to build a most expensive energy supply in Europe, while China is opening cheap coal power plants weekly.
@kaimai834
4 ай бұрын
Yes thats why they build two nordstream pipelines couse they do what us sais😂
@kisarunihofmannndosi5327
4 ай бұрын
Complete nonsense ❌
@dr.dirkfranke9563
4 ай бұрын
The German Kanzler Olaf Scholz was smiling when the US president, standing next to him, said that the US will destroy North Stream 2, when there will be war in the Ukraine. And so they did...
Also report on the police brutality against farm protests in Germany. Western media will not report such massive events, their heart only bleeds when protests happen in India..
@Suriyavanna
4 ай бұрын
Such as? Uitleg a.u.b.?
@neharathore4160
4 ай бұрын
@@user-I-I-userwhatever he said is true. Whenver some protest occurs in India, the western media starts crying and project India as a rogue nation. But when similar things happen in EU/US, they are completely silent. He is indian and i m also Indian .we not russian bot.
@Your_real_dad
4 ай бұрын
True.
It’s a shame Germany can’t kiss and make up with Russia. But, principles are principles. What were those principles again?
@marvindube3572
4 ай бұрын
The enemy of my friend is my enemy😂😂😂 loyalty dies the hardest. How does the saying go.There's no permanent enemies in geopolitics only permanent self-interest.
@kaimai834
4 ай бұрын
Dont occupy other countries. Its funny how the russia lovers want to persiut germany to buy russian gas again
@okattttt
4 ай бұрын
Its truly a shame. but then again it stands as a member of NATO so as the saying goes "You do not cancel your home insurance policy just because there have been fewer burglaries in your street in the last twelve months." (Thatcher). I wonder if the household (Germany in this case) should cancel it because their financial condition are poor.
Cheap energy is absolutely critical... And they threw it away when they sided with the US over Ukraine. There may well have been numerous other problems - but that was the hammer blow.
@TheGrindcorps
4 ай бұрын
💯. They leaders kept being delusional about how paying 10-20x as much for American LNG could totally be a substitute to Russian gas. These idiots kept lying to people pretending that everything was going to be okay. They were telling people to take cold showers to fight Putin, wear sweaters to fight Putin, become impoverished to defeat Putin. I’m honestly surprised the backlash is this mild and took this long!
@kaimai834
4 ай бұрын
Whats wrong with you there was the euro crisis then covid then the energy crisis The econemy shrunk by 0,3% and everybody thinks its ab big deal. Let the intrestrates fall and everything is as usual. Energyprises russia africa saudi arabia have cheap energy and nevertheless they pruduce just shitt products
I hope no German fails art school this time. 🙏
@adamvoid555
4 ай бұрын
austrian*
From cheap Russian energy to very expensive US energy
As an American, I REALLY wish we had a debt brake!
Reallignment of an entire energy sector is an hercules task and repairing the military on top. Just to name the current highlights, respective challenges.
Germany and Finland talking secretly...🤫
Even without their main fuel supplier, just only 0.3 😮 I think it's something should celebrate
@Firstpost Can you talk also about the plan of the far right to deport millions of German citizens to Africa? This is what matters these days in Europe's biggest economy!
African countries and other developing nations also need such Laws in order minimise wreckless borrowing.
@TheGrindcorps
4 ай бұрын
I wish my country, the USA, has such a law. We are sooooo fucked in the next 50 years, which is why I am moving away!
@death_parade
4 ай бұрын
@@TheGrindcorps?? USA not having such a law fux the people of the world more than it affects the USA itself. All the resulting inflation gets heaped on the non-US citizens of Earth and it is us who pays the bills for the inflation in US Dollar. Courtesy USD being the global reserve currency.
@death_parade
4 ай бұрын
Might be a bad idea. Laws are a hard limit. They will prevent you from momentarily increasing your debt in an effort to stave off a preventable crisis. The better way is for us to elect governments that abide by fiscal prudence even in the face of domestic political pressure.
@TheGrindcorps
4 ай бұрын
@@death_parade not better when you can’t trust politicians and their carelessness causes crises itself.
@mathewsisimwaa9075
4 ай бұрын
@@death_parade by enacting such laws, policy makers will be forced to abide to fiscal discipline.
Just 1 yr. Kudos for its conservative budgetary policies
If Germany is struggling then what third world countries doing
@daathisone5459
4 ай бұрын
In India the cars sales are going up and the purchase of house are increasing, we are real estate developers in Agra,India and we are seeing increase in sales after 2016. The real estate sector was pretty much in recession after 2016, but it's healing and i hope the boom reaches here too.
@bkchaitany
4 ай бұрын
Third world countries are benefiting.
Energy dependence is very dangerous
Olaf is the German version of Bush. Thank God l left Germany 🇩🇪 early.
Technically the Germany economy based on Russia oil 😂
Rather I heard from a reliable source that the inflation fell by 1.741%..
Is it not the Luxembourg called sick man of Europe?
Weimar republic should have been mentioned in your video. It would have explained why they have a debt brake
… always pick d right friend not d one tht likes to bully n pick a fight but d one tht helps family feeds n future
Due to debt break,, there is more control on what u can borrow.. else any country will go simply south
The reason why Germany has this law preventing it from spending is because Germany was and still is known to be secure and financially stable because their dept is quite low. They're not chased by suffocating dept like other countries, who borrowed unsustainably. And because it won't spend like an idiot now either it will continue to be the sick nation of Europe until the country has sustainably fixed its energy supply, which will still take some years. But as they're plenty of jobs though it's economic slow down living in Berlin I'm not very worried 🍹
Simple answer is following american interests, while usa is growing, germany is falling back.
@diegomorata2885
4 ай бұрын
Usa is growing its debt😂
@nirajshrestha5621
4 ай бұрын
@diegomorata2885 well there is growing debt and people feel like usa has lots of debt but you need to realise that usa is specially making more countries dependent on them, talk about europe, south Korea, Japan, Philippines they all heavily dependent upon usa. Keep in mind who will make usa pay back when so many are dependent on them. usa tomorrow could simply say we are not paying anything to anyone and there is no one who can make them pay. usa is trying to get rid of those who can Russia, China. usa make it look like they are helping, but the reality is they are helping themselves to preserve their hegemony, dominance.
My firm recently received a 3million US$ kind donation from an NGO based group affiliated to USAID,,it was generally based on local Community development programs.
GERMANY 🇩🇪 is already rich how must more money they need
Yeh news to newspaper ne already cover kr li. Morning m hi hogyi. Aap late ho madam
Palki should have reported that India had over taken Germany as world no.3 economy.
The term 'The sick man of Europe' was applied to the Ottoman Empire (Turquie) and not Germany.
@Misterx-xx1lj
3 ай бұрын
It was applied to Germany too during 90’ s . Then you invented the Euro and we all know the history
I am German, and i can say we still take from russia, just over a middle man. We take it now from Belgium (from Russia), Katar which is also not really a deomocratic partner... There are a lot of political decisions which are not really well done.
Free Palestine from gencoide
@gamingwithbipul0073
4 ай бұрын
In your dreams
@understanding.everything
4 ай бұрын
😂😂 Mullah
@user-et7vi7hx1s
4 ай бұрын
Not our job
@kaimai834
4 ай бұрын
Go ahead
I think Palki being too harsh with words here for Germany, the conditions ain't that bad and a debt cap is good planning on their part.
@anuragbhattacharjee4514
4 ай бұрын
I am living in germany and yes, the situation is not at all good. There is huge inflation, low wages, high energy prices, labour storage but no new recruitments, strikes etc etc.
@MonuSharma-yt5kn
4 ай бұрын
High profile LibRandu
@dheerajjj
4 ай бұрын
@@anuragbhattacharjee4514 ofcourse I get situation is bad, your comment helps as well I didn't think it was that dire. Still the words were like a country is collapsing or something and administration is letting it happen so. Anyways from what history says Germans are resilient ppl and on paper with numbers like 0.5% decline nominal is nothing severe considering the whole power infrastructure revamped. Rest to be seen..
@ISmellMusky
4 ай бұрын
@@dheerajjj riddle me this - how does the German government have no money fot its own people, but promised 10 Billion Euros as economic aid to India? (from Modi's visit last time)
@yasaswiy
4 ай бұрын
FYI.. look at unemployment.. it is record lowest.. means Labour market is doing gud
"The dept brake is the reason for the economic crisis". I will remember this when I will ask my bank for a bigger credit. It is not my income, it is the bank, that is making problems....
The world is on recession, yet the First Post only talked about it when it talks about EU, North America and India. When it comes to China is a different tone, different narration and different pictures, the first post will come with all kinds of propaganda to put it as if its a Chinese economy issue and not a world economy issue.
Germany is a strange country. You can't pay with debit cards in many shops and they are still doing their official work with paper
Germany going to recession,unemployment increases,german marks going to go out of value.now you know what is going to come,history repeats itself😂
Lack of strong leadership, No friendliness for Cooperate or startups,..Time-consuming bureaucracy, Far away from Digitalisation.. the list is endless
Debt cap..sounds very good ! Yeah people will suffer a bit, but then you give your kids a future unlike other country's who barrow and barrow..at one point this will be there down fall
The news reporter is very beautiful 😊
No one forced Germany to buy "expensive" gas..
Their population is only 4 corer They will survey better even in 1-2 trillion dollars economy
Germany has been subsidizing the agrarian sector heavily, especially it's energy supply, just as other EU member- states. Now, with the pressure of other costs such as the oil/ energy- crisis, the Federal State's budget is not sufficient to spent as in years under Merkel. This is what you get when you subsidize your EU agrarian sector and demand unequal contracts with non- EU states such as Turkey and Ukraine. The flow of Ukrainian agrarian products undermine the profit of EU made agrarian products. Poland is dealing with this RN. The EU subsidizes several agrarian sector such as the diary sector as well so the farmers protesting were living under a big fat lie. The agrarian sector in EU is not profitable, and now they see the consequences. The only solution is to make farming more inclusive with what Nature can provide and that means the customer needs to cut out consuming diary and meat every day. When Climate Change is hitting, it starts of course with sectors closest to Nature itself.
I think it's good not to make too much debt and have a debt brake. See at yourself. Debt will destroy you eventually.
Germany economy should keep on shrinking so easy for india GDP to overtake Germany one 😂
We here in Germany have the Schnauze voll.
@kaimai834
4 ай бұрын
Glaubst den indischen bullshit hier die haben noch weniger ahnung als deutsche medien
Oh no.......😮😮😮😮😮
It is all very simple: Germany was the main driver of euro. The competetive currencies were US dollar and UK pound. So Johnson from UK with US comrades cancells the peace agreement between Russia and Ukraine in March of 2022 to loosen Russia and Germany in a military conflict and econimical sanctions in the heart of Europe. Who is the winner? Russia borders US in the Arctic territories with huge oil shelf. Goibal warming will hurt a small island coutry like UK the most. I wish Germany was a smarter country.
American economy increased at 2.1% in 2023 and GDP gap between USA and Europe is just widening
The last time Germany faced an economic crisis, a failed artist became the leader of Germany, this time would another failed artist lead Germany?
@close_all_tabs
4 ай бұрын
The closest Germany can offer right now is a guy who failed in study of law and switched to sports science + history. He also lacks the facial hair...
@ISmellMusky
4 ай бұрын
@@close_all_tabs who is that?
@close_all_tabs
4 ай бұрын
@@ISmellMusky That maniac neo-nasi with the crazy eyes from the AfD. Björn Höcke.
This significantly improved India’s chance to be the fourth highest developed country in the world, in the very near future.
Germans are smart people they will come out of this !
@diegomorata2885
4 ай бұрын
Smart enough to be American servants😂.
@ragas2845
4 ай бұрын
Smart enough to shut down nuclear energy and cheap Russian oil. Puppet of Uncle Sam.
Europe is dying slowly
Nord stream went ka-boom 😂
Am amazed at western countries continued over dependency in Russian energy while they know they cannot control Russia,should have had a plan B.
Very very good NEWS- decliain Germany
I've never seen a country like Germany!! How can u put you economy at risk just to serve someone's interests??
Farmers get mad when you take away their socialism.
Germany is already a super rich country. you forgot to mention the interest rates to down inflation from 11% to 2%. thats the reason. salaries grow, and quality of live grow each year.
@sagarborah5359
4 ай бұрын
Germany is a gone case . Europe is gone case
@close_all_tabs
4 ай бұрын
@@sagarborah5359 Europe is only "gone" if you are from Russia.
@MrReachashish
4 ай бұрын
Salaries are also stagnent , layoffs happening left right and center. Chomu.
@sagarborah5359
4 ай бұрын
@@MrReachashish are u talking to me Mr Chomu
@ikeemmanuel
4 ай бұрын
@@MrReachashishLayoffs and inflations currently happens everywhere even in your country.
Germany can't get out of this crisis until they have a friend like USA!
Funny how German koffers are dry, but the govt. there promised 10 Billion Euros to India???? How does it work?
@hemamin5747
4 ай бұрын
Printed money
@saviofrancisfernandes413
4 ай бұрын
In the same way as they are paying for the Ukraine war and for the more than a million Ukrainian refugees in Germany via social benefits
Rule no 1-Never trust USA Rule no 2- Rule no 1
the war with Russia
This news article doesn't have too much content and a lot of opinion!
@ragas2845
4 ай бұрын
Better than propaganda machine called BBC, Al Jazeera, CNN, DW
Not what? Who? Bob Habeck.
They are not sick, they are wealthy. All that money to Ukraine, they could save themselves first.
Yeah they do not want to borrow...it will become hard shitt to pay 😂
I am a master's student living in Germany. All the issues you covered in the video are now affecting the job market as well. The majority of companies have frozen the application processes and the ones who are hiring usually prefer candidates who have references.
China Russia India up..Bollywood up..
So it will be easy to jump.one position 😂.... we are becoming bigger economy not because we are doing well but because countries ahead of us are weakening modinomics 😂
China and Russia …
Meanwhile they are sending money to Ukraine!
As usual very happy to report on anything negative for any other country. Germany is quite modern and people have high standards of living compared to 3rd world countries
@megatron1560
4 ай бұрын
Oo yes so u dont have any problem when your countrys news agencies make racist comments on positive developments of India like when India launched mars sattelite etc?? If u dont like our growth dont expect us to respect your winnings either mate.
@megatron1560
4 ай бұрын
and also . you mofo😂😂😂😂. You are Indian and not german. Just saw your channel.
@ashwin.unlead
4 ай бұрын
hes a clown ignore him@@megatron1560
@johnwi-l_l-iamsf3763
4 ай бұрын
Lol, need aid from india ?
@msdolly6101981
4 ай бұрын
In the same 1 hour session, she also reported the aviation crisis happening in India. Did you miss it? Or too upset she reported about a problem of "garden " of the world? 😅.
the US AND UKRAINE BLEW THEIR PIPE LINES
🇩🇪can afford it , don’t worry .
Germany have to buy Russian oils and gas, How can you buy oil and gas which is more expensive than the, Russian oils and gas ⛽
That means India will become 4th latgest economy next year.
You play an obedient Anglo-Saxon green poodle. You're losing.
@megatron1560
4 ай бұрын
can u explain this further mate
Educated Indians are flocking to Germany to contribute to German economy. Germany has just started to improve their digital and railway infrastructure.
@Indrajith99
4 ай бұрын
Delusional 🤣
You should have known where does Germany import from, India that bought from Russia and put on it's marge. German Imports from India risen by 1200% in 2023.
@YouCantHandleTheTruth.
4 ай бұрын
India bought WHAT from Russia??? Stop with your deluded bull as usual.
Olaf Schulz has been the worse Chancellor is recent memory
This is how nato socks u up
Germany voted for it.
Russia is still exporting gas through UKR to germany.... 40 million m3 on january 6th 2024
@markarpino824
3 ай бұрын
@geranienbaumgermany dispatches the gas thru EU
Germany economy is depending on Chinese market 🙂🙂🙂
@shaunehuolohan5736
4 ай бұрын
Germany was selling €780m worth of HSR high speed rail wheels, then stopped because USA sanctions. Within 6 months China is now building wheels to a higher standard. Following USA is madness.
I wonder why..... Is it because Big Brother bl0w up n0rd Stream? Yuppp
More respect? Respect don't pay the bill honey
Gimme a break they 2.. what a crap..😂
germany is invaded by peaceful immigrants. They is another another Austrian painter to clean up germany.
No more money from Germany to India. Time has come that India gives Germany money. It's just fair.
@hemantjoshi4291
4 ай бұрын
Are you born dumb?
@Indrajith99
4 ай бұрын
Go back to school, you are missing even the basics. When has ever Germany given money to India? Forget India, It hasn't even paid reparations to the colonies it looted.
@hemamin5747
4 ай бұрын
That's why Germany ( as do other countries ) want India as "strategic" partner. By time of next Olympics in 2028, India's GDP will higher than Germany's .
@soragaming3653
4 ай бұрын
😅
@Shiva-nx1tn
4 ай бұрын
😂😂
the cause is "WOKE"
govt puppet, talk about india farmers😢😢, unemployment
Boot polisher of USA
Germany misses Russia's cheap energy. Hahaha
@kaimai834
4 ай бұрын
More like russia misses the best paying costumer Now just the 3 world countriey which are far away an want a discount
A mess
That's the price you pay for bowing down and joining NATO.
Why isn't GRETA THUNBURG tweeting now from her leftist toolkit to show support for German farmers? Why the hypocrisy? Why double standards only against Modi's government in India?
All these figures are secondary.. what is more important is the continued obsession with their white skins and the obsession with their favourite bedtime stories by Artur de Gobineau and MK