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The German economy needs energy
Die Chemieindustrie steht unter massivem Druck durch hohe Energiepreise Source: NurPhoto / YING TANG/NurPhoto via AFP
Energy has never really been cheap for the German economy, but it is a calculable cost factor. It is precisely this reliability that is currently being lost. Within a short period of time, oil and gas prices have risen significantly, triggered by geopolitical tensions and disrupted supply chains. For companies, this primarily means one thing: uncertainty is returning. Can the economy meet this challenge? Andreas Fischer, Senior Economist at the Institut der deutschen Wirtschaft in Cologne, provides an answer:
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