It takes the average reader and 14 minutes to read Impact of High Energy Prices on Germany’s Potential Output by Miss Yushu Chen
Assuming a reading speed of 250 words per minute. Learn more
The surge in energy prices since Russia’s invasion of Ukraine has reduced the energy-intensive sector’s production in Germany, although the non-energy intensive sector’s production has held up thanks in part to firms’ efforts to improve energy efficiency. Energy prices are expected to remain elevated in the foreseeable future, compared to pre-war levels, adversely affecting firms’ productivity and thus lowering Germany’s potential output. Economic modeling suggests that this effect could be around 11⁄4 percent of GDP in staff’s baseline, with some uncertainty around this estimate, depending on the ultimate magnitude of the energy price shock and the degree to which increased energy efficiency can mitigate it. Policies can promote effective adjustment to the shock by increasing productivity and maintaining strong price incentives to conserve energy and invest in renewable energy production.
Impact of High Energy Prices on Germany’s Potential Output by Miss Yushu Chen is 14 pages long, and a total of 3,556 words.
This makes it 5% the length of the average book. It also has 4% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 19 minutes to read Impact of High Energy Prices on Germany’s Potential Output aloud.
Impact of High Energy Prices on Germany’s Potential Output is suitable for students ages 6 and up.
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