Germany faces grim long-term economic future – expert ...News

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Germany faces grim long-term economic future – expert
A lack of workers is the “greatest burden” on the country’s economy, the Ifo president has warned Labor shortages and the transition to renewable energy along with soaring inflation will weigh on Germany’s economic growth in the long term, the president of the Ifo Institute for Economic Research, Clemens Fuest, has warned.   “In Germany growth will be weaker in the future,” he told the financial news agency dpa-AFX this week.   He highlighted labor shortages in many sectors as the “greatest burden” on the German economy, saying this would “continue to slow growth in the coming years.” The economist attributed the

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