Press

“This isn’t a headwind for German carmaking, it’s a full-on storm,” says Sander Tordoir, the chief economist at the Centre for European Reform think-tank. ...“Germany, as a manufacturing hub, is being squeezed between China and the US,” Tordoir says. “It’s very tough for them.”

Production in Germany has been in decline for five years, as noted in a new report by Sander Tordoir, the chief economist of the Centre for European Reform, and American economist Brad Setser.  ...It might, as Setzer and Tordoir advise, back IMF scrutiny of countries with persistent and overly large trade surpluses.

„Die EU sollte keine neuen, vagen Koordinierungsinstrumente einführen, das stellt den Prozess über echte Entscheidungen“, sagte der Chefökonom des Centre for European Reform, Sander Tordoir. Stattdessen müsse sich die EU darauf einigen, welche Sektoren sie retten wolle und dann die vielen Instrumente, die sie habe, gezielt einsetzen.

“En Europa, el clima económico es sombrío, con un PIB que crece a un ritmo mediocre y mucho más lento que en EEUU y en Asia y que, en consecuencia, ejerce de lastre de ingresos personales y de retraimiento del poder adquisitivo de los europeos”. La cita encabeza un informe del Centre for European Reform (CER), think tank británico que emergió de la Tercera Vía del laborismo de Tony Blair, en los noventa, y que siempre se ha jactado de tener una visión paneuropea; incluso durante el último decenio de Brexit.

Chinas Auto-Subventionen stellen offenbar eine besondere Gefahr dar – vor allem für Deutschland. „Deutsche Unternehmen werden Schwierigkeiten haben, mit staatlich unterstützten chinesischen Firmen zu konkurrieren“, sagt CER-Ökonom Sander Tordoir. „Und wenn den deutschen Herstellern die Gewinne zur Finanzierung neuer Investitionen fehlen, drohen sie technologisch zurückzufallen.“

Anton Spisak, an economist and associate fellow at the Centre for European Reform, think-tank, questioned its benefit to the UK economy saying that the number of British companies whose products had included significant elements imported from Pem countries was likely to be very small.

John Springford, an economist at the Centre for European Reform, says: “There is little disagreement among economists that Brexit has hurt trade and investment – the argument is only about how much. The Office for Budget Responsibility says it sees no reason to change its view that in the long run the ­economy will be around 4% smaller than if Britain had stayed in.
“The data, which shows sizeable shortfalls in goods trade and ­investment compared to other advanced economies, suggests it is right to do so.”