Limited growth of 0.4% is expected for 2025 by the Council of Economic Experts that advises the federal government, while for this year it predicts a recession of 0.1%. In its own assessment, the government had estimated that next year the economy would grow at a rate of 1.1%. The five “sages” of the German economy, however, disagree on their proposals for recovery. Four of them believe that politicians often use too little of the state’s resources for investment, mainly because specific projects pay off later, after the next election, and instead choose to expand consumer spending, such as pensions, in order to make themselves popular with voters. . The “wise men” are therefore calling for the enshrining of rules, which will ensure that the state does not neglect long-term investments, and they refer specifically to the areas of defense, education, and infrastructure for communication and transport. Economist Veronica Grimm distances herself and calls the related proposals “unworkable”, noting that it is not taken […]
Source: News Beast
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