75 years of WELT: US top economist Adam Posen sees industries on the verge of decline

He is one of the best experts on Germany among the major economists in the USA: Adam Posen is President of the Peterson Institute for International Economics, one of the most important think tanks in Washington.

Posen, who was a Bosch scholarship holder for the Bundesbank and Deutsche Bank at a young age, was also a member of the Central Bank Council of the Bank of England from 2009 to 2012.

WELT:

“New Economy” was the title of an article on page 1 of the very first edition of WELT; it was about an Allied plan to rebuild German industry.

Do we need something like this, a plan, even after the corona pandemic?

Adam Posen:

We should let market forces work, but combine this with an aggressive plan that will help cushion the imminent restructuring.

WORLD:

Can't we pick up where we left off before the crisis?