Economic impact of an AfD election victory: What does this mean for Germany?

Economic impact of an AfD election victory: What does this mean for Germany?

The AfD's strength in the election polls is causing uncertainty, especially with regard to the upcoming state elections in Saxony and Thuringia next year. An AfD election victory would potentially have serious economic consequences for Germany. Large companies and business associations loudly demand better economic conditions from politicians, but remain silent in defense of democratic values. Germany has a highly corporatist economic system, which leads to a close connection between politics and companies. This model has led politicians to act quickly and decisively to protect their own companies.

However, the AfD could cause major economic damage to companies and the economy as a whole. A possible isolation policy would lead to a severe loss of skilled workers, as many companies need foreign skilled workers more than ever. In addition, German skilled workers could also turn their backs on Germany due to xenophobic and intolerant regions. The AfD is also planning an “activating family policy” that should encourage women to have more children and work less. This would further exacerbate the skilled worker problem.

According to a report by www.zeit.de, an election victory for the AfD could lead to significant economic problems, especially with regard to a shortage of skilled workers and loss of human resources. Companies that rely more heavily on international specialist staff could be seriously harmed as a result.