Top economists consider the German economy to be “paralyzed” Leading research institutes have significantly lowered their economic forecasts. Ifo President Clemens Fuest blamed the traffic light government for the situation.
There is a lack of a joint response from the coalition of SPD, Greens and FDP. Other states would be better off than Germany under similar international conditions, says Ifo chief Timo Wollmershäuser.. The number of employees will even climb from 45.9 to 46.1 million and reach a record level of 46.2 million next year.