Opinion: Good times ahead for the German post-virus economy

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Germany has been one of those countries that may have been affected by the pandemic but have it affected it totally or can the damages be repaired? Well according to many types of research in the past month money German researchers have claimed that the country is going to be stronger than we thought in the upcoming year not as a failing nation as we thought. A country known for its challenges and always facing hurdles will always come out of it stronger and better. Germany has been known to be a country that has faced much worse than this pandemic may it be the world war or any other issues that were dealt with by the government and the Germans wisely.

Germany has faced the pandemic with the same strength as it has faced many other issues too, and the fear from the pandemic isn’t what stopped the country from growing further but it pushed the youth and all the working class to work harder. Being patient while the world is collapsing is a skill that only Germans can be expert at and deal it with all confidence. The whole pandemic was a lesson that was learned by the Germans as the beginning was one of the hardest days any country may have faced. The whole blockade of borders, traveling and closing of all factories was a disaster to lives and economies. People had newly built businesses that were shut down, others had factories that were running for decades but now are closed due to the miserable events of Covid-19.

 

Change in the economy

Although 2020 may have destroyed the economy on the other hand it had made it save many resources too that can help it in sustainable growth. Germany is one of those countries that had seen a surprising growth rate that exceeded more than 8% after completing the third quarter of the working year. What makes Germans support the government Is also because of the endless support from the government through aids and that is all done through the finance ministry.

In a country that has an endless number of people working and studying it was hard to shut down factories and workplaces but to save this working force from further bigger issues, all countries had to do so. However, Germany stood out with lesser damages due to it reserving all the amount saved for worse times and all that can only be done if you have the best nation.

 

Education playing its role in Germany

The countries that have survived the crisis during the pandemic are those countries that have invested in their people and made them capable of supporting them. Education is one common element between the survived countries that played a significant role in minimizing the damage in the country. Educated people are more aware of the crisis and act more responsibly more than uneducated people. In countries with lower rates of literacy, it had seen how the government was struggling to convince them for basic SOPs like wearing a mask or washing hands. 

 

However, in Germany, the nation was more responsible and acted as per what was told by the WHO and all the government representatives. This had helped in many ways as people knew that this working from home option is another way of being more responsible and make a person work harder for society. What education builds in a person helps the society In one way or another and only when a nation is going through such times one can see the difference. Countries that have invested in their people by educating them and providing the best health services dealt with the pandemic faster than those that neglected it. 

 

The consequences of the pandemic were triggering as many countries didn’t expect this could happen with the health sector and the economy. Germany however through this financial crisis also helped its citizens by providing the various amount of aids all over to the Germans. This thinking of the government can only mean one thing that if you pay now for your nation these people will come out of it stronger and better to face all the hurdles. All the invested money is never a waste as it will all flow back to the country through its hard-working people. 

Germany’s economic management is one of the best known in history, as through various global financial crises the country has survived and had phenomenal growth. Thus it is seen that when you work hard your whole life but also keep the money saved for a bad day will always help you in every aspect. 

 

Predictions for the next year

We all have seen that the vaccines for COVID-19 have been introduced and distributed throughout the countries and they have started vaccinating. So the fear of the pandemic is somehow decreasing and more factories and workplaces have started to function. As people start to travel trade would be another option that is refreshed and this will help Germany in all aspects. Tourism plays a big role in the revenue of Germany and what the country gets from tourism is the main part of its GDP.

 

With the start of the year, the ban on traveling is ended and people have started going back to their normal lives. The main export business that the country is popular for and that plays the biggest role in the economy will start over. Buying cars by other countries will be initiated making it one of the most important resources that will help the German economy. 

Some things may have declined asper the studies but the most important part of the crisis is that you come out stronger and better with fewer damages and Germany has mastered it. The upcoming year will show how much these predictions were right or maybe wrong as the pandemic was a triggering event that nobody was ready for yet survived in every aspect.

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