{"id":124411,"date":"2026-04-27T07:32:26","date_gmt":"2026-04-27T05:32:26","guid":{"rendered":"https:\/\/premium-speakers.com\/?p=124411"},"modified":"2026-04-27T07:32:27","modified_gmt":"2026-04-27T05:32:27","slug":"daniel-stelter-how-is-germany-doing","status":"publish","type":"post","link":"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/","title":{"rendered":"Daniel Stelter: How is Germany doing?"},"content":{"rendered":"\n

A brief diagnosis \u2013 by Dr. Daniel Stelter<\/a><\/em><\/p>\n\n\n\n

The diagnosis: Worse than most people think<\/strong><\/p>\n\n\n\n

Germany is in its third consecutive year of stagnation. Industrial production is around ten per cent below 2018 levels. Real per capita prosperity has not risen since 2019. Measured by disposable income, we have fallen behind within Europe. This is not a temporary economic dip, but the result of structural missteps that we ignored for two decades because a favourable global backdrop gave us time \u2013 cheap Russian gas, open Chinese markets, low interest rates, a stable American protective power.<\/p>\n\n\n\n

The tailwind has turned into a headwind<\/strong><\/p>\n\n\n\n

Each of these pillars is crumbling simultaneously. Energy prices are permanently twice as high as in the US. China has gone from being our biggest customer to a serious competitor in every field where we were previously world market leaders: cars, machinery, chemicals. Interest rates are back, and with them the cost of a debt burden that is driving the public spending ratio towards 50 per cent. The US is withdrawing from Europe \u2013 both in terms of security policy and the economy.<\/p>\n\n\n\n

Structural weaknesses, of our own making<\/strong><\/p>\n\n\n\n

Added to this are problems we have created ourselves. Demographics: By 2035, Germany will lose a net total of around five million people of working age. Education: In international comparisons, we have been falling behind for twenty years. Infrastructure: Bridges, railways, digitalisation \u2013 all dilapidated or unfinished. The state: A bureaucracy that stifles innovation rather than enabling it. Estonia digitalises in months what takes us decades. Finally, energy policy costs 36 billion euros a year without guaranteeing security of supply.<\/p>\n\n\n\n

The political deadlock<\/strong><\/p>\n\n\n\n

The problem is not that we are unaware of the situation. The problem is that the political debate revolves around the status quo, whilst the AfD and the Left Party together command a third of the electorate \u2013 both with solutions that would exacerbate the problem. The established parties are concerned with distribution, not with the conditions of the prosperity that is to be distributed. The demonstrations against Economics Minister Reiche illustrate this perfectly: the protesters are fighting for the continuation of a policy that has not worked for 25 years.<\/p>\n\n\n\n

What is needed<\/strong><\/p>\n\n\n\n

Germany needs an Agenda 2030 \u2013 a reform package as radical as Agenda 2010 once was. At its core: an energy policy based on physics and economics, with technology neutrality rather than ideology. A drastic reduction in corporation tax and the tax-to-GDP ratio. Debureaucratisation following the Estonian model. Mobilising productive capital: German households hold \u20ac2.9 trillion in non-interest-bearing current accounts. A sovereign wealth fund modelled on the Swedish or Norwegian examples could put these funds to productive use. And an honest migration policy that seeks skilled immigrants rather than accepting unskilled ones.<\/p>\n\n\n\n

The France warning<\/strong><\/p>\n\n\n\n

Anyone who wants to know where we are heading if we do nothing should look to France: public spending at 57 per cent, a deficit of over 6 per cent, political paralysis, credit rating downgrades, an elite living off the country\u2019s assets. Germany is heading down exactly this path \u2013 only with a fifteen-year delay and from a weaker starting position. <\/p>\n\n\n\n

The good news<\/strong>: it is not too late. Other countries have managed a turnaround from comparable situations \u2013 the Netherlands, Sweden, even Germany in 2003. The bad news: time is running out. Every year without reforms makes the necessary cuts more drastic and a political majority less likely.<\/p>\n\n\n\n

Conclusion<\/strong><\/p>\n\n\n\n

Germany is not a lost cause, but it is at risk. We have the resources, the engineers, the capital and the institutions to defend our prosperity. What we no longer have is time \u2013 and, so far, the political will. The way out of this impasse begins with an honest assessment.<\/p>\n\n\n\n

\n

>More about Dr. Daniel Stelter<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n

Book Dr. Daniel Stelter as a panellist for a discussion or as a speaker: <\/i>+1 (704) 804 1054<\/a> – daniel.stelter@premium-speakers.com<\/a><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A brief diagnosis \u2013 by Dr. Daniel Stelter The diagnosis: Worse than most people think Germany is in its third […]<\/p>\n","protected":false},"author":18,"featured_media":49700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[16563,16565],"tags":[],"class_list":["post-124411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-topics","category-news"],"acf":[],"yoast_head":"\nDaniel Stelter: How is Germany doing? – Premium Speakers<\/title>\n<meta name=\"description\" content=\"A brief analysis \u2013 by Dr Daniel Stelter \u2013 macroeconomist, strategy consultant, author and expert in economics and finance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daniel Stelter: How is Germany doing?\" \/>\n<meta property=\"og:description\" content=\"A brief analysis \u2013 by Dr Daniel Stelter \u2013 macroeconomist, strategy consultant, author and expert in economics and finance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\" \/>\n<meta property=\"og:site_name\" content=\"Premium Speakers\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PremiumSpeakers\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-27T05:32:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-27T05:32:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/premium-speakers.com\/wp-content\/uploads\/2020\/07\/dr-daniel-stelter-premium-speakers-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mandy Weinand\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PremiumSpeakers\" \/>\n<meta name=\"twitter:site\" content=\"@PremiumSpeakers\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mandy Weinand\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\"},\"author\":{\"name\":\"Mandy Weinand\",\"@id\":\"https:\/\/premium-speakers.com\/en\/#\/schema\/person\/f1d68aee6461592e706c9487b493b146\"},\"headline\":\"Daniel Stelter: How is Germany doing?\",\"datePublished\":\"2026-04-27T05:32:26+00:00\",\"dateModified\":\"2026-04-27T05:32:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\"},\"wordCount\":636,\"publisher\":{\"@id\":\"https:\/\/premium-speakers.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/premium-speakers.com\/wp-content\/uploads\/2020\/07\/dr-daniel-stelter-premium-speakers-2.jpg\",\"articleSection\":[\"Blog about Categories \/ Topics\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\",\"url\":\"https:\/\/premium-speakers.com\/en\/magazin\/daniel-stelter-how-is-germany-doing\/\",\"name\":\"Daniel Stelter: How is Germany doing? 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