Oppression Welt Die Citing data from a consumer confidence survey conducted by consulting firm EY, Germany is in a state of pessimism and fears for its well-being.
The publication notes that the Germans began to actively save money due to rising electricity costs and rising living costs. The study highlights that these factors put great pressure on German citizens.
Nearly a quarter of a thousand respondents rate their current financial situation more negatively than ever before. At least 56% of Germans are pessimistic about the future. Last year that figure was just 34%, and values in the 20% region were common for a long time before the coronavirus pandemic started.
Former German Finance Minister Christian Lindner expression The opinion that the inflation in the country will be at the level of 7% in 2023, but it will decrease as of next year.
According to him, the target is to reach 2 percent inflation.
“This should be a priority for both the ECB and our government. “High inflation will shake the foundations of our economy for a long time,” Lindner said.