CEOs and experts in Davos call for a European growth agenda

Christian Klein

The SAP boss calls for less fragmentation in German economic policy.

(Photo: Bloomberg)

davos Anyone who gets away with a black eye is still injured: This is what the European economy is experiencing right now. The worst fears have not materialized, the Russian gas embargo has neither shut down factories nor triggered mass protests. The mild winter saves from the energy crisis.

Olaf Scholz used this to woo investors in Davos. “If you ask me how and where you can invest in the future in a sustainable and profitable way, then I’ll tell you today: Come to us, to Germany and to Europe.”

In fact, there is a real basis for these words. “Our expectations for Europe were originally quite negative, especially for Germany,” says Stephen Cohen, European head of the world’s largest asset manager Blackrock in Davos. But now the situation has improved: due to falling gas prices and the opening of the Chinese economy. “The Europeans will benefit more than the US,” believes Cohen.

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