Why not? The very definition of a depression is a lack of growth for at least 2 years in a row. From wiki:
https://en.wikipedia.org/wiki/Economic_depression
A depression is one of the following 2:
- a decline in real GDP exceeding 10%, or
- a recession lasting 2 or more years.
Lack of Growth yes, but its been stagnant and slowly entering the negatives. IF this trend continues beyond mid 2025 then it definitely will be in Depression. Its a slippery slope. Half of the companies are letting people go because they cant sustain and half cant function properly because there arent enough people to work here.
The situation has been made far far worse by the ancient bureaucracy and shitty salary levels. It deters most people nowadays. The "Fachkraftmangel" (Lack of specialised workers) issue that is plaguing Germany is only limited to shit paying jobs or highly specialised one's.
Nurses, Machinists etc are high in demand but then again the work hours are shit, workload is HUGE, salaries are pathetic, Housing is unaffordable for the majority and the whole system is crumbling.
I feel pity for the Indians falling into this trap. Lately SO MANY Indians are here as students, workers etc in this trap and then they suffer. Making it in this country is not at all easy. Indians who are used to a certain ease of life get overwhelmed when they experience the polar opposite here. Also the language barrier. Most Indians love to stay in their own clicks and barely put any effort to learn the language and then sit and complain about the system.
Honestly, its a clownshow here that is hard to explain! Hopefully the elections in 2025 will bring in some changes in the government and this will start to recover! Germany is maintaining a good PR in the developing world to get more people in to sustain their crumbling system. The pension system, health insurance system etc being an example.
