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Economic crisis in the Federal Republic: Government and central bank must act
Germany is struggling with an economic crisis, but there is hope! Find out how the government and central bank can take countermeasures. #EconomicCrisis #Germany #OECD #Growth
Economic crisis in the Federal Republic: Government and central bank must act
The Federal Republic of Germany is in an ongoing economic crisis. Despite this fact, it is important to remain calm as both the federal government and the central bank can take measures to counteract this situation.
The Organization for Economic Cooperation and Development (OECD) recently adjusted its forecast and estimates economic growth in Germany for the current year at just 0.2 percent. Compared to other industrialized countries, this growth is significantly lower. This gap to the competition has been noticeable for almost a year, which means that Germans are lagging behind their competitors economically.
The consequences of this low economic growth are also noticeable: without sufficient growth, there is little additional income for citizens, which in turn further puts a strain on the economic situation. In order to counteract this development and get Germany back on track, decisive action is required from the government and the central bank. It is important to take measures that will stimulate economic growth and strengthen the country's competitiveness. This is the only way to prevent Germany from continuing to lag behind in international comparison.