“We shouldn’t be too optimistic about 2022,” says the head of the German Institute for Economic Research. At the same time he calls for a billion dollar investment program.
From the point of view of economist Marcel Fratzscher, the ongoing corona pandemic is also making economic recovery more difficult.
“We shouldn’t be too optimistic about 2022,” said the head of the German Institute for Economic Research on Wednesday in Berlin. You have to be prepared for a very difficult time.
Among other things, because of the very different vaccination rates worldwide, the pandemic is far from over, said Fratzscher. At the same time, he emphasized for Germany: “We have survived this pandemic relatively well economically so far.”
Fratzscher: There is a lot of catching up to do
Fratzscher promoted his proposal for a multi-billion dollar investment program at the building trade day of the Central Association of the German Building Industry. «We have a lot of catching up to do. The state has lived on its substance for the past 20 years. ” He proposed credit authorizations of 500 billion euros, which will be granted once for a specific purpose for the next ten years.
Most of the money should flow into the municipal infrastructure. In addition, investments in education, residential construction, supra-regional infrastructure such as broadband and rail, as well as in climate protection are necessary. “Long-term planning is important,” said Fratzscher. “National debt should be the least of our worries.” He referred to the low interest rates.
Source From: 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.
