On the other hand, it is now appropriate for Germany to be running surpluses, since demographic change will hit the economy particularly hard. According to long-term OECD projections, no major industrial country will grow as slowly in economic terms over the next decades as Germany. Foreign assets accumulated will enable the German economy to participate in the potentially more dynamic economic growth elsewhere.
Gabriel Makhlouf: Remarks on the occasion of the publication of “Love you” Remarks by Mr Gabriel Makhlouf, Governor of the Central Bank of Ireland, on the occasion of the publication “Love you: public policy for intergenerational wellbeing” by Girol Karacaoglu, 17 February 2021. * * * Good morning and good evening.