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I woke up two days ago and got a notification that Germany is officially in a “technical recession”- what does that mean for me in my every day life? What I have learned is that the news will undoubtedly make a situation out to be 10X worse than it actually is. Yes… I am living in Germany during a recession but it could be a lot worse.
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Living in Germany during a recession: What is it like for me?
Germany is renowned for its strong economy and exceptional quality of life. However, as with any country, it is not immune to economic downturns. Recession periods can pose challenges for both citizens and immigrants residing in the country. In this article, we will explore what it is like to live in Germany during a recession and the potential impact it can have on individuals.
First and foremost, it is important to understand what a recession entails. A recession refers to a significant decline in economic activity, leading to reduced production, increased unemployment rates, and decreased consumer spending. These effects trickle down to various aspects of daily life, affecting individuals differently based on their economic status and personal circumstances.
One of the most prominent effects of a recession is job insecurity and rising unemployment rates. During these times, companies may lay off employees, downsize, or freeze hiring. Consequently, individuals may find themselves without a job or face the fear of potential job loss. Unemployment can cause financial strain and uncertainty, making it challenging to cover basic expenses such as housing, food, and healthcare.
For foreigners living in Germany, a recession can pose additional difficulties. Depending on their visa status, immigrants may face obstacles related to employment, residence permits, and social welfare benefits. In times of economic instability, authorities may lean towards protecting opportunities for local citizens, which can leave immigrants in vulnerable positions. It is crucial for immigrants to stay informed about their rights and seek assistance from relevant organizations during such times.
Financial struggles aside, a recession can impact the general atmosphere and mood within the country. People may tighten their belts, becoming more cautious with their spending habits. This shift can be reflected in reduced social activities, decreased consumer spending, and an overall sense of uncertainty. The collective psyche of a nation can be affected, individuals are likely to have concerns about the future and the long-term impact of the recession.
However, Germany does have several factors that can help mitigate the effects of a recession. The country’s renowned welfare system provides a safety net for those in need. Citizens and residents may have access to unemployment benefits, subsidized healthcare, and assistance with housing costs. This support helps alleviate some of the hardships faced during challenging economic times.
Furthermore, the German government typically implements strategies and economic stimulus packages to counteract the impacts of a recession. Initiatives such as investing in infrastructure, supporting small businesses, and encouraging job creation are common measures taken to promote economic recovery.
Nevertheless, it is important to acknowledge that living in Germany during a recession can be a trying experience. It requires resilience, adaptability, and a proactive approach to navigate uncertain times. It may be necessary to make adjustments to lifestyle choices, such as reducing discretionary spending or pursuing different employment opportunities. Building a support network within the community, seeking professional guidance, and staying informed about the government’s actions can be valuable during such times.
In conclusion, living in Germany during a recession presents its own unique set of challenges. Unemployment rates, financial uncertainty, and additional hurdles faced by immigrants can make day-to-day life more difficult. However, Germany’s strong social welfare system, coupled with government initiatives and support, helps mitigate the impacts of a recession to some extent. By remaining resilient, resourceful, and proactive, individuals can weather through the storm and emerge stronger on the other side.
Don't forget. It could be worse. And then it got worse.
Life in Germany sounds miserable.
You know the prices in the US? I have been to New York City, this March. Holly Mary, the prices became insane, there. I have been several times to New York and I expect that this would be an experience trip but the reality shocked me completely.
The recession in Germany is caused by the warmongering US blowing up the pipeline bringing the cheap Russian gas. Germany should not be siding with america in the Ukraine war which america has caused by constantly provoking Russia. Contrary to the US promise to not move Nato further east, they have included 14 more countries into NATO, and some on Russias border.
recession comes from re-cedere which is latin and means to go back or to decrease.
There is technical more or less no growth currently but that is not really important and comparable to the US cause who will get fired ?
Nothing of that, only the growth has turned a bit from low growth to no growth. And inflation has already going down.
Check the unemployment rate which has not gone up much beyond the seasonal.
Inflation has directly nothing to do with recession. Also the energy prices are decreasing a lot.
And your tomato whatever has to bee heated while cooking and that gas was coming from cheap russia and if you want that the energy had to be used for that one you have to pay what it costs.
At the end some changes are happening, and also things started to get cheaper.
The kWh prices have stalled most recently or you simply have not the best contract cause Munich Stadtwerke have rosen the prices a lot but there had been a lot cheaper offers. But it needs to work and too look.
Gas is also an awfull cheaper than last year and even below 2021. I guess your memories are fooling you at least if you check the real stats and prices.
I am also downsizing in Germany…Having just moved into a beautiful bigger apartment two years ago I saw the writing on the wall after my first energy bills and decided to play it safe and get out while I still can. I am moving ot a smaller apartment…Not because I can not afford the old one, but because if prices continue to go up like this it would eat away at all the money I use for other stuff…like living a nice life!
Yes the energy price is through the roof. My neighbor only comes home on the weekend because she works in another city. She still got a 1000 euro nebenkosten bill (heating and facility bill) and even though she complained they did nothing about it. It is clearly the landlord taking advantage of the situation but we all had to pay more.
I am German, lived in my country for almost 60 years ( in the state of Hessen), and have a job with average payment…and that recession is something whch we have only witnessed in very few places, aka that the prices there have gotte a little higher.
But then, our unions have been working very well in bringing companies to pay their employees more.
I have witnessed much harder times in Germany (especially in the late 1980ies up to 2000, with still the Deutsche Markt been worth less of a third of a Dollar, and the average non-emplyoment rate over twice as high as today.
Right now, we go out as much, we buy and consume as much as always.
It might be different for folks in other federal states, or younger families/couples.
But otherwise, we (and our families/friends and our colleagues) have not been impacted very much by our recession.
My experience is that folks which are free-lancers, work in lowskill jobs or want to start a own company, or starting a family do have bigger problems than the majority of the middle-aged or more adjusted people.
Why did Germany allow America to blow up the Nordstream pipeline?
Germany has been a stepping stone for America since 1945 and facilitated the military expansion of NATO. Now that America has moved on from Germany and begun forward basing in Poland, Germany must fend for itself. As we say in America, "we don't have friends, we have interests". And when Interests change, we discard our "friends".
A recent poll shows, that a huge majority of 69% of Germans think, that the economic status of Germany is less then good or bad, but this doesn't effect the life of the people (yet), because in the same polling 65% of Germans stated that their personal economic situation is good or very good and only 6% said it's bad.
https://www.infratest-dimap.de/fileadmin/user_upload/DT2306_Report.pdf
We really need to stop downplaying our struggles just because others might have it worse. Others having a worse time doesn't mean that we cannot acknowledge our own issues in life. Growing up as a child in the Caribbean all I heard was that I shouldn't complain because tHeRe ArE sTaRvInG cHiLdReN iN cHiNa! So? Is me stopping complaining going to help them any at all? I think what you had to say here may have been helpful to others, maybe others in the same situation or those looking to make the jump to Germany, therefore it is just as valid. We need to allow ourselves more space to vent and we shouldn't have to compete and compare struggles with others as this is not a contest or the struggle Olympics. Btw I also moved to Germany in 2015 and SO MUCH has changed since then!
So eine rezession wird uns nicht umbringen wir schaffen das und die usa kann auch alles schaffen aber nur ohne trump nazis
German economy has for over 20 years not transfered the productivity increase towards the loans of the workers. That is not some left wing communist conspiracy, that is statistics and can be found all over "Volkswirtschafts" studies. We would have needed bevore 2022 an increase of loans by over 25% to get even.
Thats why we are hit harder by the inflation. We are comming from a low loan level.
Had to smile about all your energy saving measures. We are a family of four with two rather small kids. We act like this the whole time. But we allways get money back from energy, heating and water. We shifted the food more to vegetables and health stuff. These challenges are nothing serious, just challenging habits. I find other stuff far more troublesome.
Uhm We are in a recession? nnnnope? A recession is when the growth is negative for 2 years or more in a row.
Don't mix inflation with recession
I would like to know about Germany changed since you left, what has changed?
There is a youtuber by the name of wildlens by abrar, who is based in Germany and has a massive following via his motorbike vlogs.