The Federal Minister of Economics finds the current situation in some sectors “not so bad”. However, he thinks a recession is possible.
Federal Minister of Economics Robert Habeck sees the country facing major challenges in the coming months in view of the current crises.
The first two quarters were very good for many sectors, said the Green politician on Tuesday at an event of the SPD’s economic forum in Berlin. For example, there have been good growth rates again in tourism, gastronomy and services. The pandemic has been pushed back. “The present is not all that bad, but the fear of the recession, of the future, even of the immediate future, is overwhelming.”
Habeck: scenarios “no laws of nature”
According to Habeck, there is a risk of a loss of purchasing power due to high energy prices, falling domestic demand, a decrease in the willingness of companies to invest and a further “division” of the social situation in Germany. However, he also said that these scenarios are not laws of nature, but could be “solved” through regulation, the provision of public funds, social compensation and other measures.
In the past six months, action has been taken and legislation has been introduced. The country has proven itself as a political system and as a society, said Habeck. If the next two quarters were similar to the first two of the year, “then that would be a social, political masterpiece that is not really to be expected. But it’s in our hands to make sure it doesn’t go completely bad under very, very difficult conditions.”
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
