Berlin - We were told: Germany could be spared by the crisis. Yet in June, economists said growth for 2009 in advance.
Now the exact opposite: The Economic Prophet outdo each other with bad news! 2009 the worst year since the founding of the Federal Republic would be! Stop, now goes by Professor Michael Huether between. Such pessimism was "irresponsible"?
That indeed was already an "above bietungswettbewerb" the bad news, also complained of Economics Michael Glos (CSU). Especially the RWI in Essen had dramatically warned before the biggest recession since the Federal Republic, with two percent economic downturn. Then came Friday, the Ifo Institute in Munich with the number of 2.2 per cent decline. The same institute had predicted in June an increase of one percent!
Make predictions because any sense? "Economic forecasts are useful if they are on a reasonably solid foundation," says Huether, director of the Institute of German Economy (IW) in Cologne. "Just at the moment, market participants behave like motorists who drove off in the sun and hurtling suddenly a wall of fog. You get full on the brakes, because they do not know what to expect. "
Irresponsible prediction market was "unpredictable at the moment," said Huether to EXPRESS. Who goes there, such as the Ifo Institute, would say exactly 2.2 percent of the decimal place, how much gross domestic product will decline in 2009, the overcharge forecasts and in danger of making mood, so his criticism. "This is irresponsible, because it may perpetuate a trend that could halt or even shot."
Citizens see prices positivDenn there - "we like it hard to believe - positive signs for 2009, Huether. "One starts with the consumer: The consumer confidence has increased." The citizens have a keen sense of the evolution of prices. And the fall and would continue to fall. "It provides that when we act in economic policy, therefore, be based around the demand with a tax cut is a good chance of solving the again of shock, Huether confident.
Industry President Juergen Thumann also warned against a rush of negative news. A survey of the BDI among medium-sized revealed that the company daransetzten everything to keep their core workforce.
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