Germany 'Very Unlikely' to Avoid a Recession: Ifo's Fuest

The video discusses Germany's economic challenges, focusing on recession risks, energy crisis, inflation, and company resilience. The EFO Institute President, Clement Fuse, highlights the potential for a recession, the impact of gas rationing, and the role of wage settlements in inflation. Despite challenges, companies show resilience, partly due to expected government support.

What is one of the main factors that could influence the severity of a recession in Germany?

• The strength of the Euro

• The weather during winter

• The number of tourists visiting

• The level of foreign investment

Which industry is NOT mentioned as being at risk due to energy shortages?

• Textile industry

• Steel industry

• Glass and ceramics industry

• Chemical industry

What is a significant concern for the hospitality industry during the winter?

• Increased competition

• Reduced consumer spending

• Higher import taxes

• Lack of skilled labor

What could potentially trigger a wage-price spiral in Germany?

• High wage demands

• Lower interest rates

• Decreased government spending

• Increased exports

How are companies in Germany currently managing the threat of going bust?

• By expanding into new markets

• By relying on government support

• By increasing prices

• By reducing employee wages