· Joachim Nagel Wiki · Deutsche Bundesbank WikiExports under pressure - why Germany needs to act now
Read full speech on bis.org ↗ContextSpeech to the Harvard Club Rhein-Main in Frankfurt; the Bundesbank is Germany's central bank within the euro system and watches a German economy hurt by weak exports.
Why it mattersIt warns that German exporters face lasting weaker demand and that new public money must become real investment rather than replace existing spending.
Problems raised
- German exports suffer from weaker global demand.
- Competitiveness has declined.
- New public funds may not become extra investment.
Solutions proposed
- Act urgently to improve supply conditions.
- Make sure new funds go to real investment.
- Create the savings and investments union.