"They could have pointed to the increase in broader inflation measures such as the GDP deflator and forego restarting government debt purchases", he said.
Regarding the current economic situation in Germany, Wieland is confident. "The probability of a recession, that is a broad-based decline in economic activity, has gone down a little bit". However, in Wieland's opinion, over-regulation continues to hinder growth. The move to a digital economy requires more flexible labor market rules, he said. Also corporate taxes are too high in Germany, according to Wieland. "The key thing to stay successful is to allow them to adjust to the news challenges".
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