· Joachim Nagel Wiki · Deutsche Bundesbank WikiIs Germany's "business model" at risk?
Read full speech on bis.org ↗ContextSpeech by Joachim Nagel, President of the Deutsche Bundesbank, at a talk followed by a panel discussion ikf institut für kredit- und finanzwirtschaft e. V., Bochum, 5 June 2023.
Why it mattersNagel warns that demographics and inflation threaten Germany's economic model.
Problems raised
- Germany's business model faces risks.
- Demographic change will reduce the labour force.
- High inflation undermines investment.
Solutions proposed
- Maintain high rates until inflation reaches 2%.
- Address demographic challenges through reforms.
- Improve Germany as an investment location.