Financial expert: Weak support for economic policy is putting a strain on the business climate in East Westphalia.

Financial expert: Weak support for economic policy is putting a strain on the business climate in East Westphalia.

The East Westphalian economy complains about a lack of support from current economic policy, this was the result of a special survey by the East Westphalia Chamber of Commerce and Industry in Bielefeld. According to the survey, three out of four companies describe the government coalition's economic policy as “somewhat” or even “very harmful” for their business. The areas of taxes, bureaucracy, energy supply and skilled workers are particularly problematic. Although the cooling economy is influencing the mood, the results of the survey are still worrying.

This development is expected to have an impact on the market and the financial industry. If companies perceive the policy to be harmful to their business, this could result in investment being held back or even jobs being cut. Uncertainty about economic developments may lead to a reluctance to grant loans, which in turn could dampen growth prospects. Additional burdens from taxes and bureaucracy could also increase companies' costs and jeopardize their competitiveness.

A more comprehensive analysis would be required to calculate the exact impact on the market and the financial industry. To do this, data on the current financial situation of companies in East Westphalia would have to be collected and correlated with the data from the survey. This is the only way to make more precise statements about the actual impact on the market and the financial sector.

According to a report from www.radiobielefeld.de [source], the survey by the East Westphalia Chamber of Commerce and Industry in Bielefeld shows that the East Westphalian economy is dissatisfied with the current economic policy and sees this as harmful to their business. The areas of taxes, bureaucracy, energy supply and skilled workers are particularly affected. It remains to be seen how politicians will respond to this criticism and whether measures will be taken to improve the situation.