André Fernandes
dieguesf.bsky.social
André Fernandes
@dieguesf.bsky.social
Portuguese in Germany
PhD student between coffee breaks ☕
🗽Liberal and EU Supporter
Proud native of the true center of the world: Bragança ♥️
11/ Ultimately, this thread reflects my opinion based on what I see/read - a mix of data, history, and optimism. Sometimes, looking at problems through a hopeful lens reveals opportunities others might miss. 🗽
November 24, 2024 at 3:33 PM
10/ 🌟 Conclusion: While many view Germany's current challenges as warning signs, it’s worth considering a more optimistic perspective. Germany has a track record of resilience, a dynamic democracy, and the tools to adapt to change.
November 24, 2024 at 3:33 PM
9/ ✨ Path Forward: Germany's strengths lie in its democratic institutions, diversified economy, and capacity for adaptation. Germany can navigate current challenges and emerge stronger by implementing strategic reforms and embracing innovation.
November 24, 2024 at 3:33 PM
8/ 🔄 Economic Adjustments Post-Pandemic: The manufacturing sector experienced a boom during the pandemic but now faces a slowdown. However, the economy grew by 0.2% in Q3 2024, driven by government and household spending, indicating potential for recovery.
November 24, 2024 at 3:33 PM
7/ 💡 Innovation and Start-Ups: New business formations have declined, with start-ups halving between 2003 and 2019. Addressing bureaucratic hurdles and fostering a culture of innovation is essential to rejuvenating entrepreneurial activity.
November 24, 2024 at 3:33 PM
6/ Demographic shifts indicate that the population is aging, with projections showing a significant increase in residents aged 67+ by 2035. However, Germany history of integrating migrants and its relatively low national debt offer solutions to address these demographic challenges
November 24, 2024 at 3:33 PM
5/🌐 Global Trade/Fragmentation: Germany's economy is closely tied to global trade. Although shifts toward protectionism create challenges, Germany's expertise in advanced manufacturing positions it to benefit from emerging markets that seek high-quality machinery and technology.
November 24, 2024 at 3:33 PM
4/ 👷‍♂️ Labor Dynamics: Germany faces a labor shortage, with 41.5% of firms reporting insufficient workers in October 2024—the highest since 2009. This challenge highlights a competitive market for skilled labor, driving wages and productivity while bolstering economic resilience.
November 24, 2024 at 3:33 PM
3/ 🏭 Germany's industrial resilience has withstood numerous challenges, including "wars" and economic downturns. Its diversified economy, which includes automotive, chemical, and engineering industries, serves as a buffer against sector-specific declines.
November 24, 2024 at 3:33 PM
2/ 🗳️ Democracy in Action: The recent collapse of Chancellor Olaf Scholz's coalition government underscores the dynamism of Germany's democratic system. Such political shifts, while challenging, reflect a system responsive to public sentiment and capable of self-correction.
November 24, 2024 at 3:33 PM