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Is NRW really growing? Brussels visit the economic future in focus!
Prime Minister Wüst debates economic growth with North Rhine-Westphalia company bosses in Brussels and calls for measures to combat stagnating GDP.
Is NRW really growing? Brussels visit the economic future in focus!
Recently, a dozen CEOs of the largest companies in North Rhine-Westphalia (NRW) visited Prime Minister Hendrik Wüst in Brussels to discuss important economic issues. In this context, the opposition in the North Rhine-Westphalia state parliament is demanding concrete proposals from the state government to promote economic growth. As part of this debate, a current hour will take place on Thursday at 10 a.m. at the request of the FDP, which will also focus on the visit of the company bosses and the results of the European policy impulse paper, which Wüst handed over to the EU Commission President Ursula von der Leyen. The Süddeutsche Zeitung reports that Wüst described NRW as the “growth engine for all of Europe” in this context.
The FDP criticizes the state government and speaks of a “distorted perception of reality”. This is happening against the background of current forecasts, which indicate stagnation in the gross domestic product (GDP) in NRW. After two years of recession, an increase of just 0.1 percent is expected, which lags behind the growth in other European regions and Germany as a whole. Statista makes it clear in its publication on the development of NRW's GDP that the economic situation is taking on alarming dimensions.
Criticism of electricity tax policy
In addition, the FDP is calling on the black-green state government to present measures to create better economic policy conditions, particularly with regard to the lack of a reduction in electricity tax. This tax was only reduced by the black-red federal government for the manufacturing industry, which Wüst and the CDU also criticized as insufficient.
The situation in NRW raises questions, especially when one looks at the long-term GDP data, which extends to 2024. These data, published by the federal and state statistical offices, show the state's economic development and reveal a worrying trend. Access to the full GDP data is available on Statista, enabling a detailed analysis of the economic challenges in NRW.