Clemens Fuest warns of a sustained energy price shock

Financial crisis, euro crisis, Brexit, pandemic – and now a war in Europe – the history of the past 15 years is a history of major crises. Ifo boss Clemens Fuest is one of the more sober economists in the country, who always try to summarize political developments with economic categories.

This has not become any easier in these highly politicized times, but precisely when governments claim the primacy of politics for themselves, classification by economists is all the more necessary.