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 sector in Germany is experiencing a spillover effect from manufacturing weakness?

• Retail

• Technology

• Service

• Agriculture

What is the ECB's stance on further easing of monetary policy?

• It is highly recommended

• It will be very effective

• It is not expected to help much

• It should be postponed

What fiscal policy measure is suggested for Germany?

• Increase in corporate taxes

• Increase in government spending

• Reduction in personal income taxes

• Introduction of new tariffs

What global factor is crucial for the German economy's recovery?

• World economic development

• Global political stability

• Tourism trends

• International sports events

What domestic issue is mentioned as a challenge for the German economy?

• Dieselgate

• Climate change

• Brexit

• Trade wars