According to the German newspaper, German Chancellor Olaf Scholz criticized an article written by the British magazine The Economist about the state of the German economy and described the country as the “sick man of Europe”. Die Welt.
INSIDE article In particular, The Economist says that Europe’s largest economy has turned from a leader into a lagging economy, that the authorities have invested little in new industries, taking advantage of the superiority of old industries, and that bureaucratic conservatism has developed in the country. lack of qualified personnel etc. According to the authors of the material, the country’s leadership should “look ahead by encouraging new firms, infrastructure and talent.” The author claims that previously Germany was called the “sick man” of Europe, that is, a country experiencing economic difficulties, and now it has regained this “status”.
Scholz said that the Anglo-Saxon publication recommended solving economic problems with a series of new debts, but this was wrong.
“Endless debts do not solve our problems, but create new ones,” the Chancellor emphasized.
However, he acknowledged the country’s weak economic indicators and blamed them on export markets, especially China, high inflation, rising energy prices, etc. explained with effect.
How allegation According to experts, the German economy is already on the verge of stagflation.
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