The standard of living in Germany is continuously declining due to economic issues

"The situation is serious, and the well-being of Germans is experiencing a 'dramatic decline.'

Clemens Fuest, director of the Munich Institute of Economic Research, said this when interviewed by the German media publication "Bild am Sonntag."

He pointed out that this trend did not suddenly appear - it had been evident for a long time, but the government has never responded.

"Germany has been in a state of economic recession for years. And now, the situation has become quite severe."

He said that millions of German residents have already felt that their standard of living is worse than before, and they have started to cut back on spending.

This expert listed several reasons for this situation:

Firstly, government spending is increasing, but the direction of funding is "not benefiting ordinary people";

Secondly, private investment has significantly declined, as companies see no areas worth investing in.

This is only part of the problem, and the actual situation is more complex.

"This means that the overall well-being of Germany is directly threatened. Because reduced private investment will lead to slower economic growth and lower tax revenue in the medium term, which in turn will reduce the funds the state has to provide public services."

Fuest called on the federal government to introduce a large-scale reform plan within the next six months to prevent the domestic situation from deteriorating further.

At the same time, "Bild am Sonntag" cited a representative social survey:

Almost half of German citizens believe that the ruling coalition led by Chancellor Friedrich Merz will not last until 2029.

According to a survey by the INSA research institute, 49% of respondents expect the current government to collapse early, and 66% are dissatisfied with its performance, a proportion that has risen by 3% compared to two weeks ago.

Only 25% of respondents expressed support for the ruling coalition.

In terms of party support, the opposition party "Alternative for Germany" (AfD) continues to lead with 26% of the vote; followed by the Christian Democratic Union/Christian Social Union (CDU/CSU) with 24%; while the ruling Social Democratic Party (SPD) fell to 15%.

Original: www.toutiao.com/article/1847095862947916/

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