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The role of the state in combating the pandemic, as well as in mitigating its economic consequences, has been met with increased acceptance.
Jörg Krämer stated. This corresponds to 1. While interest rate cuts are no longer expected, there should be a further increase in bond purchases in mid With the prospect of a very expansive fiscal and monetary policy longer term, we will see continued asset price inflation.
The ten-year German government bond yield, for example, is likely to remain in negative territory over the next two years, fluctuating around the The DAX is forecast to rise further in year-end target: 14, , even though the price-earnings ratio is already well above the ten-year average.
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