“I’m afraid that we will actually miss out on the future, because we’re taking too little risks.”
Verena Pausder is a successful German entrepreneur who is clear about where she thinks the economy is going wrong.
This week, it was confirmed that Europe’s biggest economy shrank by 0.3% last year.
This week, it was confirmed that Europe’s biggest economy shrank by 0.3% last year.
Germany’s growth is being held back by the twin shocks of the energy crisis, caused by the war in Ukraine, and higher interest rates.
There are also long-term structural issues such as ageing infrastructure, a labour shortage and the cost of tackling climate change.
At January’s World Economic Forum in Davos, Germany’s finance minister Christian Lindner denied these problems made Germany the “sick man” of Europe.
“After very successful periods since 2012 and these years of crisis, Germany is a tired man after a short night, and the low growth expectations are probably a wake up call,” he said.
“I’m afraid that we will actually miss out on the future, because we’re taking too little risks.”
This week, it was confirmed that Europe’s biggest economy shrank by 0.3% last year.
Verena Pausder is a successful German entrepreneur who is clear about where she thinks the economy is going wrong.
Germany’s growth is being held back by the twin shocks of the energy crisis, caused by the war in Ukraine, and higher interest rates.
This week, it was confirmed that Europe’s biggest economy shrank by 0.3% last year.
This week, it was confirmed that Europe’s biggest economy shrank by 0.3% last year.
Germany’s growth is being held back by the twin shocks of the energy crisis, caused by the war in Ukraine, and higher interest rates.
There are also long-term structural issues such as ageing infrastructure, a labour shortage and the cost of tackling climate change.
At January’s World Economic Forum in Davos, Germany’s finance minister Christian Lindner denied these problems made Germany the “sick man” of Europe.
“After very successful periods since 2012 and these years of crisis, Germany is a tired man after a short night, and the low growth expectations are probably a wake up call,” he said.
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