- The Munich Post
- Posts
- 3 - 2 - 1 - It's time to tune into Germany’s economy
3 - 2 - 1 - It's time to tune into Germany’s economy
Understand the economic shift and what it means for you. New initiative aims to increase emergency response times.
Arlene Texeira
August 17, 2023
Servus an Alle!
Welcome back to the Munich Post! The purpose of this newsletter is to share: 3 bits of news, 2 upcoming events, and 1 amazing restaurant/café for expats living in and around Munich. This way, you have a pulse on what’s going on without scrolling through thousands of pages.
Did a friend forward this free newsletter to you? You can subscribe below to receive the latest news and events from us every Thursday and join our 4900+ Munich lovers with 1-click!
With our 5000+ subscribers soon, we’ll have a surprise next week. Hope you like it.
Here’s what we’ve got for you today:
3 bits of news
Is Germany's Boom Over?
It seems like Germany's once-booming economy is hitting a bit of a rough patch. Known for being an industrial powerhouse and champion exporter, the recent recession has left many wondering what's next for Europe's largest economy.
Recent data suggests Europe's leading economy is entering a "slowcession." Not sure what that means? Think of it as being trapped between stagnation and a full-blown recession. For the non-economic buffs out there, this basically means our economy isn't booming as it used to.
Now, why should you care?
If Germany, as the heart of the eurozone, slows down, it could ripple out to affect global markets. And yes, even our “big city, small village” Munich could feel it in various ways, from business opportunities to prices of imported goods.
While there's some gloom, we've also seen surprising data like a 7% rise in factory orders from May to June. Maybe it's a temporary respite or a sign of rebounding.
So, what's causing this slow down? We've got a few indicators to watch out for: Germany’s industrial production figures from June, and July's inflation rate.
Read more here (in English).
How concerned are you about Germany's economic slowdown? |
If you are not aware of Is mir egal context, (warning: this song is an “ear worm”):
New Child Passport Rules
Hello, fellow parents. Have you heard about the changes coming up with children's passports? Starting next year, our little adventurers will need electronic passports when traveling outside the EU.
The good old children's passport, which cost just €13, is waving goodbye. Now, if you're planning a family vacay outside the EU, your child will need the new electronic passport with a chip, priced at €37.50. It's a bit more expensive, but on the bright side, it’s valid worldwide.
While the electronic passport lasts up to six years, make sure the photo still looks like your kiddo. We all know how fast they grow. So, if your child's appearance changes a lot over the years, you might need a new photo and passport sooner.
Read more here.
Munich’s New Rescue Plan
Have you ever thought about those crucial moments following an emergency, especially something like a sudden cardiac arrest? Sure, our stellar emergency services are quick, but sometimes, every second counts. And that's where the Munich Saves Lives (München rettet Leben) initiative steps in.
This fantastic new initiative is all about harnessing the power of technology and human compassion to save lives. In an emergency, every second counts, so this new “lay resuscitation” project is sure to make a difference, especially in these unpredictable times. With the help of a new mobile app, a neighbor or passerby trained in first aid, can rush to help someone in need before the ambulance arrives.
In the first phase, rescue workers and emergency medical staff will be involved, followed by other medical professionals and trained public. Typically, the response time in our city ranges from 8 to 10 minutes. But in emergencies, even shaving off 2 or 3 minutes can be game-changing.
If you are a healthcare professional and would like to take part, register here.
Bonus
It is our desire to bring our readers the best information about Munich — at zero cost to you. In keeping with this theme, we’d like to thank our sponsors for today’s newsletter. We love them because of their amazing mobile app and the convenience of getting all our insurance needs in one place.
Get German insurance, 100% in English
Feel more German immediately with liability insurance, the most common insurance in Germany.
It covers the financial costs if you accidentally cause damage to someone else, their property or their assets.
Without it, one screw up can be a real shock to your wallet. With Getsafe, you can buy your policy in just a few minutes, manage your documents, file claims 24/7 and get free expert advice - all in English, all via the Getsafe app.
And? It'll cost you less per month than a cup of coffee.
Protecting yourself is easy with Getsafe.
2 upcoming events
Thrift Treasures in Munich
The 2023 Oktoberfest is just a month away (starts on Saturday, September 16th). Are you ready? How about getting yourself a new Tracht? The EineWeltHaus in Schwanthalerhöhe is hosting a traditional second-hand market, and trust us, it's a treasure trove. With more than 2,000 items, including Dirndls, blouses, aprons, and Lederhosen, you'll find just what you need. And all the net proceeds will go to Action Hope's training project in Uganda.
Last year, our readers managed to find some great deals at the flea market, and they were thrilled:
Find more information here.
General information
📅 Thursday, August 24 - Sunday, August 26
⏰ 12 Noon - 6:00 p.m.
📍 Schwanthalerstr. 80, 80336 München
Zamanand Festival: Join Us for free
How about spending a weekend surrounded by music, creativity, and ideas that matter? The Zamanand Festival is just around the corner, and we're inviting you to join us on Ludwigstraße for a celebration of sustainability, diversity, and tolerance.
They've got seven stages lined up with music ranging from pop to electronic dance, a children's playground, an urban climate model, live graffiti, and so much more. The venues are spread between Siegestor and Odeonsplatz, with themes like environmental protection, equality, and everyday respect.
Find more information here.
General information
📅 Saturday, August 19 - Sunday, August 20
⏰ Saturday, 4:00 p.m. - 2:00 a.m.
⏰ Sunday, 11:00 a.m. - 9:00 p.m.
📍 Siegestor and Odeonsplatz
💶 Free
1 new restaurant/café to try
Fresh Bagels & Muffins
This week’s recommendation is a mix of music and food: Fresh Bagels and Muffins’ beloved “Open Stage - Live Music” event is back and it's all set to be an evening filled with scrumptious bagels, fluffy muffins, and fantastic live music.
Starting this Friday at 6 p.m., and then every first and third Friday of the month, Munich’s oldest bagel shop (since 1996) invites you to indulge in delightful tunes and tasty treats. They'll keep the good vibes going in Maxvorstadt until 10 p.m.
General information
📍 Barer Str. 72, 80799 München
🥘 Café
Meme of the week 😂
Thanks for reading and sharing the Munich Post 3-2-1 newsletter.
See ya next week!
Aazar, Arlene, Christina, and Heidi
Hey there! This newsletter is free; we'd love to know if you're enjoying it. Mind dropping some feedback? Every feedback (good or bad) gives a mini-excitement when we see it.
What do you think about this newsletter? |
Join the conversation