General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
TheGreatDane
VisualEconomik EN
comments
Comments by "TheGreatDane" (@thegreatdane3627) on "Could the German Economy Collapse?" video.
i have noticed a very annoying thing this year when it comes to analysts: They keep assuming everyone will keep doing the same. As an owner of a small manufacturing company, i can tell you that we don't just sit around and wait for the government to fix our problems. The business environment is always changing, and companies that can't adapt will be replaced by those who can. I have seen a lot of creative solutions to the energy crisis this year, like rooftop solar panels, huge batteries that can be charged at night when electricity is cheaper, or a local steel producer that is investing in a biogas plant to produce their own gas. It should also be mentioned that the majority of Germany's exports go to other EU countries, and the single market favors production inside the single market. There is too much focus on the big companies, when the real driver of German innovation is the small and medium sized companies.
373
@counter-intelligence7902 it's hard to predict what will happen in the next few years. There will no doubt be many challenges, but there will also be opportunities. German industry will probably take a hit in the short term, but an actual collapse is very unlikely. A new era of protectionism could hurt many of the larger companies, but it could also benefit many of the smaller companies.
11
@danielwebb8402 i was mostly referring to the "analysts" that are often quoted in videos like this. They tend to look at recent data, and assume a recent trend will just continue without anyone doing anything to change it. The more official forecast for Germany is a lot more moderate, last time i looked it up it was 0.3% real growth this year and 1.7% growth next year. While it is not great, it is still pretty far from a collapse.
10