IW boss warns: AfD plans endanger 2.2 million jobs and prosperity

IW boss warns: AfD plans endanger 2.2 million jobs and prosperity

According to a report by www.n-tv.de, the AfD's economic plans are making waves. The director of the Cologne Institute for the German Economy (IW), Michael Hüther, warns of the consequences of Germany's possible exit from the EU. According to his assessment, these plans could lead to Germany losing up to 2.2 million jobs.

According to Hüther, implementing the AfD's economic policy plans would have serious consequences for the German economy. Leaving the EU would cause the export-oriented country to grow by around six percent less within a few years. Within ten to 15 years the minus could even be ten percent, which would mean an estimated loss of 400 to 500 billion euros. The burden of significantly worse trading conditions and the emergence of exchange rate risks could have a massive impact on economic growth and the labor market.

In addition, Hüther warns of the possible consequences of restricting tenant protection and rejecting higher minimum wages, as proposed by the AfD. These measures could lead to higher rents, lower incomes and an increase in government support, which would ultimately lead to more social spending.

Given these statements, it is important to carefully analyze the economic impact of political decisions. A potential German exit from the EU could actually lead to significant losses in prosperity and job cuts. It is crucial that policymakers and economic experts carefully weigh the potential risks to ensure the long-term stability of the German economy.