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Davos CEOs and experts call for a European growth agenda

Christian Klein

The SAP chief calls for less fragmentation in German economic policy.

(Image: Bloomberg)

Davos Whoever escapes his black eye is still infected: this is what the European economy is witnessing now. The worst fears did not materialize, the Russian gas embargo did not shut down factories and did not cause mass protests. Mild winter saves from energy crisis.

Olaf Schultz used this to attract investors in Davos. “If you ask me how and where you can invest in the future in a sustainable and profitable way, today I will tell you: come to us, to Germany and Europe.”

Indeed, there is a real basis for these words. “Our outlook for Europe was originally quite negative, especially for Germany,” says Stephen Cohen, European head of the largest asset manager BlackRock in Davos. But now the situation has improved: due to lower gas prices and the opening up of the Chinese economy. Cohen believes that “the Europeans will benefit more than the United States.”

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