Evaluations require good data and the labour input of skilled individuals to perform them. Facing up to such challenges is unavoidable if the effects of reforms are to be understood. A structured evaluation process is critical to managing them. Policy evaluation means being transparent about what policy was intended to do in the first place and what it has achieved.
This is why our experts are expecting inflation rates in Germany to be back below 2% over the next few years. That said, this is an outlook where risks are skewed to the upside.