Dexit: Warning about AfD plans for Germany - expert explains economic consequences

Dexit: Warning about AfD plans for Germany - expert explains economic consequences

According to a report by www.t-online.de, the German Economic Institute (IW) in Cologne warns about the economic consequences that Germany's possible exit from the EU could have. According to the head of the Berlin IW office, Knut Bergmann, Germany could lose around ten percent of its economic output, which corresponds to an annual loss of prosperity of 400 to 500 billion euros. In addition, 2.2 million jobs would be threatened and it could become even more difficult to attract foreign skilled workers. And especially in AfD strongholds, says Bergmann.

Experts point out that a “Dexit” could have similar serious consequences for Germany as a business location and its citizens as Brexit has for Great Britain. Given that Germany is a strong exporting country, it would be severely affected by such a decision. Both the economy and citizens, especially those at the bottom of society, could be affected.

In my analysis, based on the information from the article, I can conclude that Germany leaving the EU would lead to significant economic turmoil. A potential loss of ten percent of economic output and an annual loss of prosperity of hundreds of billions of euros would have a significant impact on the German market. In addition, 2.2 million jobs could be at risk, leading to social and economic problems.

It is crucial to understand and consider the potential effects of leaving the EU on the German economy and citizens. An informed and factual discussion about the consequences of such a step is urgently needed in order to adequately inform interested parties.