Bofinger Says the German Economy Is Growing Very Well

The video discusses the economic situation in Germany, focusing on its budget and current account surpluses. It highlights the consensus on Germany's economic growth and the challenges of reducing the surplus through higher wages. The reluctance of trade unions and employers to increase wages is noted, along with the impact on the European Central Bank's (ECB) inflation target. The discussion emphasizes the difficulty in achieving significant wage increases in Germany, which would help the ECB reach its inflation goal.

What is the consensus regarding the growth of the German economy?

What are the challenges in achieving higher wages in Germany?

How do wage increases in Germany relate to the ECB's inflation target?

What is the current situation of unit labor costs in the eurozone compared to Germany?

What was the general sentiment about achieving markedly higher wage increases in Germany?