Federal Reserve President Joachim Nagel emphasizes that the emerging right-wing extremism is not only a social but also an economic threat for Germany. He warns against underestimating the dangers posed by right-wing extremist movements, as they could deter investors and specialists from abroad. Nagel, who recently participated in his first demonstration for democracy, stresses the importance of actively defending cohesion and the values of democracy.

At the same time, he warns industry associations not to depict the economic situation in Germany as worse than it is. While he acknowledges the current challenges, particularly the impacts of the war in Ukraine on the German economy, he also sees the country's strengths, such as the stable job market that is close to full employment.

To Strengthen the German Economy, Nagel Calls for More Ambition in Tax Cuts and Bureaucracy Reduction. He Points to the Growth Opportunities Act, Whose Relief Volume Has Been Reduced, But Stresses the Importance of Its Rapid Implementation for the Economy. In Doing So, Nagel Positions Himself as an Advocate for a Strong, Open, and Democratic Society That Is Resilient Not Only Socially, But Also Economically, to Challenges.