Germany’s Altmaier: Brexit poses risk, but German economy poised for further growth
In an interview with the Passauer Neue Presse newspaper published on Thursday, courtesy Reuters, the German Economy Minister Peter Altmaier.
Key Quotes:
“The order books of industry and the trades are full.”
“The chances are good that (German) economic growth will continue for a tenth consecutive year,” the longest period of continuous growth since the 1960s.”
Both Brexit and a shortage of skilled labor posed risks to the economy, and many companies had not invested enough in expanding production.
Calls for quick parliamentary approval of a new immigration law aimed at filling those gaps.
“The growth effects are difficult to quantify, but I expect that a functioning influx of migrants to the labor market could add multiple tenths of a percentage point of additional growth in Germany.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
