A recent survey highlights growing economic concerns among Germans ahead of the February 23 election. Conducted by German reinsurer R&V, the survey found that 70% of respondents worry about the rising cost of living, up from 57% last summer. Additionally, 68% fear an economic downturn, a sharp rise from 48% in the previous poll.
Despite a drop in inflation, high absolute prices, increasing global competition, elevated energy costs, and interest rates have contributed to Germany's economic struggles. The country has experienced two consecutive years of contraction, impacting key industries like automotive, with Volkswagen and others cutting jobs to stay afloat.
Political instability has further fueled uncertainty. The election was triggered after Chancellor Olaf Scholz’s coalition collapsed in November. Now leading a minority government, Scholz faces mounting pressure to address economic challenges. Public trust in politicians is at a low, with over 60% believing both the government and opposition are overwhelmed by their responsibilities.
Social polarization is also on the rise, with 75% of respondents expressing concern, up from 48% last summer. A series of high-profile violent incidents involving immigrants has intensified political tensions, further dividing public opinion on migration policies.
As Germany heads to the polls, economic and social concerns dominate voter priorities, underscoring the urgent need for stability and effective leadership.