In an interview with the Passauer Neue Presse newspaper published on Thursday, courtesy Reuters, the German Economy Minister Peter Altmaier.
Key Quotes:
“The order books of industry and the trades are full.”
“The chances are good that (German) economic growth will continue for a tenth consecutive year,” the longest period of continuous growth since the 1960s.”
Both Brexit and a shortage of skilled labor posed risks to the economy, and many companies had not invested enough in expanding production.
Calls for quick parliamentary approval of a new immigration law aimed at filling those gaps.
“The growth effects are difficult to quantify, but I expect that a functioning influx of migrants to the labor market could add multiple tenths of a percentage point of additional growth in Germany.”
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