The German economy moves sideways. The forecasts for this year fluctuate around the zero line, Bert Rürup and Michael Hüther determine in the podcast. Compensation for the loss of income will continue into the second half of this decade. It remains the economic risk banks. Should the sector in the US slide into crisis, that would mean minus 0.5 percent for Germany this year and minus two percent in gross domestic product for next year.
Rürup and Hüther agree: Waiting cannot be the solution. They demand the promotion of investment activity and the improvement of conditions for it. All power must be concentrated on entrepreneurial investments and the promotion of future investments. Improving site conditions is crucial. This also includes working more and longer. In Rürup’s opinion, “the holy cow Ehegattensplitting” would have to be led to the slaughterhouse.
The long version of the new HRI economic forecast can be found here.
The episodes of the “Economic Challenges” podcast can be accessed via Apple, Spotify, Deezer and Handelsblatt/Audio. You can read more about the topics in the “Chefökonom”, Professor Rürup’s newsletter. You can register for the newsletter here.
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