Economists expect negative consequences from the state elections in Saxony and Thuringia. In a survey of 185 economists conducted by the Munich Ifo Institute, a good 78 percent said that they expect negative or very negative consequences for the business location. Only just under three percent see positive or very positive consequences.
"The unanimous assessment of economic experts that support for radical parties will severely damage the economy should be a wake-up call for the population," says Niklas Potrafke, Head of the Ifo Center for Public Finance and Political Economy. "These results underline how strongly election results influence economic expectations."
