A German Industry and Trade Association President, Peter Adrian, is calling for the next federal government to prioritize economic growth. According to Adrian, who spoke to the “Rheinische Post” (Friday edition), a stable and effective government that prioritizes economic growth is needed in the face of numerous challenges in Germany, Europe and the world. The economy, he said, requires a reliable economic policy that sets the conditions for investments and growth at its center.
Adrian also attributed Germany’s current situation to economic policy frameworks and excessive state intervention in the past. “In our current business survey, 60 percent of companies said that they see their biggest business risk in the economic policy framework. A negative record. The trust of companies in the location is at a low point” he said.
Following the federal election, a swift and effective new government is necessary, Adrian emphasized. “We need clarity and a functional government quickly after the election. We cannot afford a prolonged period of uncertainty” he said. “The German economy is not only exposed to enormous geopolitical uncertainties, but is also in a deep structural crisis itself.