Ifo's Fuest: 'I Don’t Think Monetary Policy Will Save Us'

The video discusses the current state of the German economy, highlighting weaknesses in manufacturing and services, and a peak in construction. It suggests that while trade remains strong, the rest of the economy is weak. The speaker advises against further monetary easing by the ECB, recommending instead fiscal measures like tax cuts. The future of the German economy depends on global economic conditions and domestic challenges such as Dieselgate and energy prices.

What factors could influence the recovery of the German economy?

What is the speaker's opinion on the effectiveness of monetary policy in the current situation?