High inflation reduces purchasing power - consequences for purchasing behavior
First Corona, then inflation and half-baked traffic light plans: the German consumer should now pull the economic cart out of the mud. That's a vague hope. The German consumer is poor. He had barely recovered from the Corona turmoil when the European Central Bank gave him an inflation shock. Then Vladimir Putin's war of aggression frightened him. Last but not least, the traffic light coalition confuses society with half-baked and expensive plans for the ecological conversion of heating systems. This hard-hit consumer should now pull the economic cart out of the mud. The vague hope of the government and economists that Germany will overcome the recessionary slump in the coming year is largely based on...

High inflation reduces purchasing power - consequences for purchasing behavior
This hard-hit consumer should now pull the economic cart out of the mud. The vague hope of the government and economists that Germany will overcome the recessionary slump in the coming year is based largely on the expectation that there will be a growing desire to buy because wages are rising and inflation is easing somewhat.
But can you blame the consumer for not wanting to follow the government's call and preferring to build up reserves? In the third quarter, consumers cut their consumption again and contributed to the contraction of the economy. Who really wants to bet on that changing quickly? The battered consumer does not forget the shocks so quickly.
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