IW warns of the economic policy consequences of the AfD: Germany could lose 10% of its economic output

IW warns of the economic policy consequences of the AfD: Germany could lose 10% of its economic output

According to a report by www.zeit.de,

The employer-related Institute of the German Economy (IW) has warned of the drastic consequences that the AfD's economic policy could have for Germany. In the event of a withdrawal from the European Union and the Eurozone, Germany could lose up to ten percent of its economic output and suffer a loss of prosperity of 400 to 500 billion euros annually. This could also impact 2.2 million jobs due to its role as an export country. The head of the Berlin IW office, Knut Bergmann, emphasizes that the AfD plans would primarily benefit top earners and not the “little people”.

This warning from the IW shows that Germany's potential exit from the EU could have significant effects on the economy and the labor market. The institute's calculations provide insight into the possible financial losses that could arise from the AfD's political decisions. As a financial professional, it is important to evaluate such information to assess potential risks to investments and economic stability.

The announcement by AfD leader Alice Weidel that she is raising the possibility of a referendum on Germany's exit from the EU underlines the relevance of this warning. As experts, we must carefully consider the impact of such political developments on the market and the financial industry in order to make informed decisions.