German Finance Minister Christian Lindner described his country as a “tired man”. The newspaper writes that he expressed this in his speech at the World Economic Forum (WEF) held in Davos, Switzerland. “News”.
Lindner interpreted the allegations that Germany had once again become the “sick man of Europe” in this way. This term first began to be used to describe Germany in the late 90s of the 20th century, at a time when unemployment was increasing and exports were decreasing in the republic.
However, the minister no longer accepted that such a label could be attached to Germany. According to him, the situation in the country is different since the crisis began after 11 years of success.
“Germany is a tired man after a short night,” Lindner emphasized.
He expressed confidence that the German economy will continue to develop in the future. He just needs a “cup of coffee” to do this; By this the minister meant structural reforms.
January 15 issue of Bild, with reference to the German Federal Statistical Office reportedHe stated that the country’s GDP in 2023 will decrease by 0.3% compared to the previous year. The main factors of the slowdown in the German economy are considered to be high inflation and record interest rates, as well as conflicts in Ukraine and the Middle East.
German economy before guess Slower growth in 2024.