Economics will also reduce growth forecasts: “We need migration”. Inflation, a shortage of skilled workers and a wave of strikes are depressing the German economy.
Some experts even believe a second year of recession in a row is possible. Germany also needs to provide more incentives for investments, for example with additional depreciation options and less bureaucracy. Young companies in the areas of artificial intelligence, biotech or environmental technology must be supported, says Ulrike Malmendier, an economist.