威力彩玩法

Four leading German economic institutes have warned against industry subsidies like cushioning high power prices or efforts to re-establish certain clean tech sectors back to Europe. At the presentation of the joint economic forecast, vice president of the Halle Institute for Economic Research Oliver Holtem枚ller called such subsidies 鈥渉ighly counterproductive鈥�,聽. A lack of correct price signals could make efforts towards greater innovation less attractive, said the economists. However, innovation was necessary for climate action. Companies which convinced the state to give them support might be more successful in the short term, said the joint forecast, 鈥渂ut in the long run there is a risk that they will be less innovative and thus hinder productivity progress.鈥� However, from a security policy perspective it could 鈥渕ake sense to keep critical economic sectors in Germany or the EU to a certain extent through subsidies,鈥� said the institutes.

Germany鈥檚 government is pondering short-term industry power price subsidies, until聽a more market-based system聽can be implemented, Handelsblatt reported. At the same time, the European Union has聽presented plans to boost net-zero industries in the bloc聽in an effort to keep up with other regions of the world, such as the U.S. and China.

The institutes forecast that Germany is set to avoid a recession in 2023 with economic growth of 0.3 percent. Earlier this year, the government鈥檚聽economic forecast聽already said the economy is set to grow 0.2 percent in 2023, following relatively mild winter temperatures that have dispelled fears of a gas shortage. In October 2022, the government聽still forecast聽a 0.4 percent contraction. 鈥淭he government has blown the whistle on the economic crisis,鈥� chancellor Olaf Scholz told parliament in January, adding that the "winter of discontent" expected by many had not materialised because his government managed to secure energy supplies.