Financial expert analyzes: Outlook for 2024 after a difficult year in 2023

Financial expert analyzes: Outlook for 2024 after a difficult year in 2023

According to a report by amp.zdf.de, the year 2023 was marked by the biggest crises for the traffic light coalition. The budget debacle has shaken the government badly and the coalition has had to contend with liberal unease. According to a current Sunday question from Sächsische.de, the approval ratings of the traffic light parties in Saxony are disastrous, while the AfD has 37 percent. This promises a difficult political situation that also harbors further potential for crises.

The planned founding of a new party in Germany by Sahra Wagenknecht and the state elections in the east will be the mood barometer for the traffic light coalition this year. It remains to be seen whether the government will manage to overcome the crisis and stabilize the political landscape.

Furthermore, the dramatically poor world situation that the year 2023 left behind is additionally stressful. These factors may mean that 2024 will bring greater challenges and the traffic light coalition will continue to face political difficulties. This could also have an impact on the financial industry and the market, as political uncertainties often lead to economic instability. In the context of the upcoming elections and the political climate, the financial industry will therefore also have to assess possible scenarios for political developments in order to be able to react appropriately.