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Scholz promises growth like in the days of the "economic miracle"

Federal Chancellor Olaf Scholz expects growth like that of the times of the "economic miracle".

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Scholz promises growth like in the days of the "economic miracle"

Federal Chancellor Olaf Scholz expects growth like that of the times of the "economic miracle". "Because of the high investments in climate protection, Germany will be able to achieve growth rates for some time, as last happened in the 1950s and 1960s," said the SPD politician to the partner newspapers of the Neue Berliner Redaktionsgesellschaft (Friday). This would require faster planning, decision-making and approval.

In the 1950s and early 1960s, annual growth rates at full employment were around eight percent. By 1966 at the latest, the trend was turning, in the following year 1967 the gross domestic product fell and unemployment almost tripled to 2.1 percent.

According to the Federal Statistical Office, in 2022 the gross domestic product (GDP) rose by 1.9 percent compared to the previous year despite the crises. In 2021, gross domestic product (GDP) had grown by 2.6 percent.

Scholz went on to say that unemployment will no longer be a major problem in the coming decades, "on the contrary, there will be a shortage of workers". This also applies to the areas in eastern Germany that are particularly affected by structural change. It is true that the energy transition means job losses for many. In the opencast mining areas like Lusatia, the changes therefore sound rather threatening. "But now something new is also emerging."

The Chancellor does not expect the war in Ukraine to end quickly. The newspapers quote Scholz as saying that he sees “unfortunately no willingness at the moment” on the part of Russian President Vladimir Putin to negotiate. But he remains “in talks with Russia”.

Ukraine, in turn, must "decide for itself what conditions it is willing to accept for peace." He was "convinced" that Germany would get through next winter well, Scholz continued. The gas storage facilities are well filled and the infrastructure for energy imports is being further expanded. "That will help us next winter."

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