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Significance
Bundesbank president Jens Weidmann stated that the “recovery has been somewhat pushed back” by the impact of supply chain restrictions, the rising costs of raw materials and energy and the spread of the more transmissible Omicron COVID-19 variant.
Impacts
Higher taxes on carbon emissions and elevated electricity prices will slow economic growth in the short term.
Opening more paths for legal immigration will become a crucial policy for tackling labour shortages over the coming years.
Education and infrastructures will be the main recipients of new investment under Chancellor Olaf Scholz’s government.
Keywords:
Germany,
EUR,
EU,
economy,
industry,
international relations,
politics,
social,
consumer,
corporate,
fiscal,
government,
growth,
health,
monetary,
policy,
employment,
foreign trade,
immigration,
labour,
Automobiles,
Retail
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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