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MIL OSI Translation. Region: Germany / Germany –

Source: The Left”The German export dependence is a dependence on the whims of Donald trump and Boris Johnson’s. Now, where the fronts between the United States and China, harden and a hard Brexit increasingly likely, is the only still-functioning Stabilizer of the German industry, the domestic demand. Only with higher wages and investment, recession and rising unemployment can be prevented,“ says Alexander Ulrich, industrial policy spokesperson of the faction of THE LEFT party in the German Bundestag. Ulrich continues:”All the indicators – from the IMK economic barometer up to the ifo business climate index warn of a recession. Gradually, the world economy situation on the labour market. It is irresponsible to continue to focus primarily on the Export. Only a strong domestic demand may slow down the impending downturn. Wages and pensions will need to rise sharply. The public sector needs to invest billions in the social-ecological conversion.“


EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.

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