DIHK survey: Economic policy receives a poor rating for the first time

DIHK survey: Economic policy receives a poor rating for the first time

According to a report by www.n-tv.de, the economic policy of the current federal government in Germany received a “poor” rating from the German Chamber of Commerce and Industry (DIHK). The companies criticize “structural and often homemade problems” and criticize, among other things, the increasing bureaucratic requirements, high energy costs and lengthy planning and approval procedures.

This negative assessment of economic policy could have profound effects on the market and the financial sector. The DIHK survey shows that companies find the general conditions for industrial production to be particularly stressful. This could lead to necessary investments either not being made or being made abroad. This development could weaken Germany as a location and hinder the transformation towards digitalization and decarbonization of industry.

The DIHK is calling for quick measures from politicians to restore companies' trust in Germany as a location. Specifically, the rapid implementation of the “Pact for Acceleration”, a significantly expanded bureaucracy relief law and the still outstanding Growth Opportunities Act are called for. It remains to be seen whether and how politicians will respond to these demands and how the situation will develop on the market and the financial sector in Germany.