Higher key interest rates, expensive loans, consumer restraint: LBBW chief economist Moritz Kraemer analyzes all of this and reveals what role China plays for us as our main export country.
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Inflation, energy crisis, expensive loans: the consequences for BW
Moritz Kraemer has been chief economist at the since November 2021 Landesbank Baden-Wuerttemberg. And that in times that are now difficult: inflation and the energy crisis are causing higher key interest rates. The loans are becoming more expensive and thus less affordable for the economy and consumers. The result: consumption is falling. In the exporting state of Baden-Württemberg, the economy is particularly feeling the effects of this change.
Export country Baden-Württemberg: the role of China
In 2022, Baden-Württemberg exported goods worth 20.2 billion euros to China alone – more than any other federal state. Moritz Kraemer, who has a doctorate in economics, has to keep a close eye on these developments, analyze them and – ideally – draw the right conclusions and make recommendations for action for business and consumers. He has a lot of experience: he worked for a long time as an analyst for leading rating agencies in Europe.
Interest rate policy and its impact on consumers
Moritz Kraemer tells SWR1 people how the situation under the current interest rate policy of the ECB and the Bundesbank could affect our economy here in Baden-Württemberg, but also for investors and savers.
2023-07-04 18:45:29
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