Germany “irreparably damaged”? Economists identify real problems in the German economy. IMF cites high energy prices as temporary factors, which contributed to low purchasing power and weaker growth.
In addition, the European Central Bank's high interest rates in the fight against inflation have put a strain on housing construction and other interest-sensitive areas. IMF sees long-term structural problems for the economy in Germany. The aging of the population will accelerate significantly. The gross domestic product per capita will come under pressure “as there are fewer workers for every pensioner,” warns the IMF.