Economic course of the federal government: Federal Association of German Industries warns against toxic energy policy

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The President of the Federation of German Industries (BDI), Siegfried Russwurm, warns against the German government's economic course, especially in the area of ​​energy policy. According to Russwurm, the energy transition, i.e. the exit from nuclear power and coal, creates a competitive disadvantage for German industry compared to other industrialized nations. This could affect companies' long-term planning and investment decisions, which could lead to a loss of trust in Germany as a business location. Forecast for the impact on the market The uncertain energy supply criticized by Russwurm and the possible increase in energy prices could cause companies to hesitate to invest in Germany. Instead they could...

Der Präsident des Bundesverbands der Deutschen Industrie (BDI), Siegfried Russwurm, warnt vor dem wirtschaftlichen Kurs der deutschen Regierung, insbesondere im Bereich der Energiepolitik. Laut Russwurm schafft die Energiewende, also der Ausstieg aus Atomkraft und Kohle, einen Wettbewerbsnachteil für die deutsche Industrie im Vergleich zu anderen Industrienationen. Dies könnte langfristige Planungen und Investitionsentscheidungen der Unternehmen beeinträchtigen, was zu einem Verlust des Vertrauens in den Wirtschaftsstandort Deutschland führen könnte. Prognose für die Auswirkungen auf den Markt Die von Russwurm kritisierte unsichere Energieversorgung und die mögliche Erhöhung der Energiepreise könnten dazu führen, dass Unternehmen zögern, in Deutschland zu investieren. Statt dessen könnten sie …
The President of the Federation of German Industries (BDI), Siegfried Russwurm, warns against the German government's economic course, especially in the area of ​​energy policy. According to Russwurm, the energy transition, i.e. the exit from nuclear power and coal, creates a competitive disadvantage for German industry compared to other industrialized nations. This could affect companies' long-term planning and investment decisions, which could lead to a loss of trust in Germany as a business location. Forecast for the impact on the market The uncertain energy supply criticized by Russwurm and the possible increase in energy prices could cause companies to hesitate to invest in Germany. Instead they could...

Economic course of the federal government: Federal Association of German Industries warns against toxic energy policy

Der Präsident des Bundesverbands der Deutschen Industrie (BDI), Siegfried Russwurm, warnt vor dem wirtschaftlichen Kurs der deutschen Regierung, insbesondere im Bereich der Energiepolitik. Laut Russwurm schafft die Energiewende, also der Ausstieg aus Atomkraft und Kohle, einen Wettbewerbsnachteil für die deutsche Industrie im Vergleich zu anderen Industrienationen. Dies könnte langfristige Planungen und Investitionsentscheidungen der Unternehmen beeinträchtigen, was zu einem Verlust des Vertrauens in den Wirtschaftsstandort Deutschland führen könnte.

Forecast for market impact

The uncertain energy supply criticized by Russwurm and the possible increase in energy prices could lead to companies becoming hesitant to invest in Germany. Instead, they could shift their investments abroad where conditions are more favorable. This possible withdrawal of investments from Germany could have a negative impact on the country's economic development.

Analysis of the current economic situation

The German economy shrank by 0.3 percent last year, and no trend reversal is expected this year either. The German Economic Institute predicts a further decline in gross domestic product of 0.5 percent. Combined with Russwurm's criticism of the energy transition, this shows that Germany's economic development is already difficult and could deteriorate further if an unfavorable energy policy is adopted.
According to a report by youngfreedom.de,

Read the source article at Jungefreiheit.de

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