Pension dispute: Economy” defends forecasts

Pension dispute: Economy” defends forecasts

In the course of the discussion about the traffic light coalition's pension policy, economist Martin Werding rejects the allegations against his pension forecasts. He emphasized that he had always tried not to create horror scenarios. Werding particularly criticizes the government's pension plans, which, in his opinion, place a heavy burden on young people. By 2045, he predicts an additional burden of 520.5 billion euros on contributors.

Werding accuses Chancellor Olaf Scholz and Labor Minister Hubertus Heil of overestimating their judgment when it comes to pension policy. He warns that politicians run considerable risks if they do not seriously address the long-term prospects of pension provision. This criticism is met with contradiction from Heils, who emphasizes that past predictions have not come true and that he is optimistic about the future.

The discussion about pension policy and the unemployment rate is characterized by differences of opinion between experts. Werding criticizes Scholz for his forecasts and emphasizes that the unemployment figures have not fallen as desired. He warns that demographic change cannot be overcome through increasing employment numbers alone. He also sees limited options when it comes to immigration.

Overall, the controversies surrounding pension policy and the economy show that different expert opinions and forecasts lead to discussions. Despite fluctuations, the German economy is not recording sustained growth and is not moving towards recession. Looking into the future remains fraught with uncertainty and requires a differentiated view.