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The German Cabinet has decided today to propose to the Federal President the appointment of Prof. Mag. Gabriel Felbermayr, Ph.D., as new member of the German Council of Economic Experts.
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The German economy is experiencing a period of weakness. GDP is expected to grow by 0.2 % this year and 0.9 % in 2026. To return to a path of growth, its productivity must increase, in particular through more innovation and investment.
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In view of the current challenges, Germany must develop new growth perspectives and security policy prospects. The opportunities arising must not be squandered.