The German economy, currently slowing sharply, does not need additional stimulus and any such measures could backfire. |||
Riga – The German economy, currently slowing sharply, does not need additional stimulus and any such measures could backfire, the head of the central bank or Bundesbank, warned on Friday.
“With the economy operating at normal capacity utilisation, Germany is not in need of stimulus,” Bundesbank president Jens Weidmann told a conference in Riga.
“On the contrary, in the face of coming demographic challenges, costly stimulus measures could even backfire via negative confidence effects,” the Geman central bank chief, also …read more
Source: Independent Online
