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Economic policy: Scholz confident about economic development

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The predicted severe recession has not materialized, as have energy shortages, said the Chancellor. He wants to keep the new “Germany pace”.

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Chancellor Olaf Scholz (SPD) was confident about Germany’s economic development. “All the bad news from A for job loss to Z for the collapse of German industry did not happen,” said Scholz in Berlin at a ceremony for the founding general meeting of the German Chamber of Industry and Commerce (DIHK).

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The severe recession predicted by some did not materialize, said Scholz. On the contrary, the German economy grew last year despite all the adversities. Energy shortages have been avoided.

Scholz also referred to measures taken by the federal government. You made sure, for example, that the gas storage tanks were full and that import possibilities for liquefied natural gas (LNG) were created in a very short time. This new “Germany pace” should be maintained. The Chancellor made it clear that the great challenges, such as the climate-friendly restructuring of the economy, will be tackled together.

The federal government expects growth of 0.2 percent for 2023

The federal government expects gross domestic product to grow by 0.2 percent in 2023, according to government circles in the annual economic report. Economics Minister Robert Habeck (Greens) will present this on Wednesday.

In mid-October, the federal government lowered its economic forecast significantly, primarily because of the energy price crisis. At the time, she expected the economy to contract by 0.4 percent this year. According to provisional figures from the Federal Statistical Office, Europe’s largest economy grew by 1.9 percent last year.

Scholz also addressed the shortage of skilled workers in the economy. He was confident that “modern rules” for more immigration could also succeed in overcoming this challenge.

At the DIHK meeting, Peter Adrian was confirmed as President. The background to the new foundation is a change in legal form from a private association to a corporation under public law. The German Chamber of Industry and Commerce has evolved from the Association of German Chambers of Industry and Commerce. The 79 German chambers of industry and commerce are legal members of the new DIHK. The Federal Ministry of Economics is responsible for legal supervision.

Source: Stern

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