The author is President of the Ifo Institute.
What is the future of Germany’s economic model? The Russian attack on Ukraine has triggered a debate about the further development of prosperity in Germany. Concerns about an economic downturn are growing.
Rising energy prices, high costs of climate protection, increasing geopolitical conflicts and a shrinking workforce could put an end to the successes of the German economic model. Recent decisions by energy-intensive companies to shift investments to the US and China seem to confirm this.
Optimists counter that the growing interest in clean technologies around the world suits the capabilities of German companies. Federal Chancellor Olaf Scholz even says that Germany is facing a period of high growth rates due to investments in decarbonization, similar to the years of the economic miracle.
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