>>raverb+F
Yeah, at the same time:

https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted"

https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU"

Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession"

We wouldn't be where we are with right-wing votes if we wouldn't have this much panic pessimistic breaking news everywhere I feel. There are definitely more perspectives. (And yes I know, unfair distribution plays also a huge part in very different perspectives..).

>>qp11+(OP)
The article focuses only on the near time statistics and is missing out the long term statistics as well as effects of the COVID19 pandemic.

The effects of the COVID19 pandemic were that the bankruptcies law was temporarily changed, which had the effect that companies that were already on a way to bankruptcy could live longer. That is also the reason why in 2020 the numbers were at a low point for almost 20 years. Then in 2021 the numbers soared. So the the 2024 prediction will be still lower than the 2021 numbers.

The long term view can be seen here: https://de.statista.com/statistik/daten/studie/4898/umfrage/...

>>User23+y8
> We estimate the ten-year cost of the legislation and executive actions President Trump signed into law was about $8.4 trillion, with interest.

Yep, nothing to do with trump.

https://www.crfb.org/blogs/how-much-did-president-trump-add-...

>>HPsqua+G8
And then you realize that outside your peeve it's also bullshit all the way down.

https://www.epsilontheory.com/gell-mann-amnesia/

>>PinguT+h6
There are some German articles that do talk about it in a bit more detail [0].

It's a mix of reasons 1) Covid grants that delayed bankruptcies, 2) Increase of VAT back to 19% for hospitality industries, 3) Increase in construction costs for construction companies, 4) inflation, 5) disruption in trade

And this is not just traditional industries, even 1 in 10 startups risk bankruptcy. [1]

[0] https://www.tagesschau.de/wirtschaft/konjunktur/studie-insol...

[1] https://www.tagesschau.de/wirtschaft/unternehmen/insolvenzen...

>>tchall+Ke
> And this is not just traditional industries, even 1 in 10 startups risk bankruptcy. [1]

That seems incredibly low though, even 10 years ago (and not specific to Germany) only 1 in 10 startups succeeded. [0]

[0] https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-star...

>>consta+Kl
Just wanted to share the related Wikipedia article. Germans do - factually - work fewer hours annually than any other developed nation: https://en.wikipedia.org/wiki/List_of_countries_by_average_a...

>>consta+nm
Here are my sources: [1] Robert Habeck, our Minister for economic affairs say's we can not afford less work. [2] Saxony's Minister arguing for "40 hours workweeks for all" and say's that "part time is a mistake". [4] is Markus Söder, Bavaria's Minister telling his plans to force Teachers to work more [5].

This is a manifold problem. Low post-tax wages (except for some government workers), high stress due to few colleagues and tons of work, extremely late age of entry for pensions.

[1]: https://www.businessinsider.de/wirtschaft/faktencheck-robert...

[2]: https://www.tagesspiegel.de/politik/recht-auf-teilzeit-als-f...

[3]: https://www.fr.de/politik/cdu-michael-kretschmer-sachsen-rec...

[5]: https://www.sueddeutsche.de/bayern/bayern-lehrer-soeder-teil...

>>hobs+rq
Those “huge” tax cuts only cost 100 billion per year according to the NYT[1]. That’s nowhere near the trillion dollars added per year to the debt every year by reallocating the 2009 stimulus by continuing resolution for 15 years in a row and counting[2].

In fact as one can see from the data, the rate of increase slightly moderated during the Trump administration until the pandemic stimulus. Notably there is no corresponding end of pandemic inflection point.

[1] https://www.nytimes.com/2024/03/04/us/politics/trump-corpora...

[2] https://fred.stlouisfed.org/series/GFDEBTN