Federal reserve: Germany market report
While the return to business has been welcomed, the post-Covid ‘new normal’ is delivering a new set of challenges. Adam Woods reports
Feature By Adam Woods | 6 December 2022
As the biggest live music market in Europe, Germany suffered more than most when it came to two years without international tours. But while the return to business has been welcomed, the post-Covid ‘new normal’ is delivering a new set of challenges, making an already cautious market even more wary.
Adam Woods reports.
Every year for more than three decades, German insurance company R+V Versicherung has been asking Germans about their worries. And this year’s survey, published in October, revealed that they have a lot of them, from the rising cost of living to unaffordable housing to the fear of rising taxes and the worsening economic situation.
“Overall,” said study leader Grischa Brower-Rabinowitsch, “people are significantly more worried than they were a year…