Heatwave: Economist Grimm Predicts Price Increase as a Result of Low Water Levels
Prices could rise for various raw materials, warns economic expert Veronika Grimm. She criticizes politicians for acting short-sightedly instead of preparing for such situations.
Veronika Grimm, a German economist, warns that low water levels on German rivers will lead to higher prices due to transportation problems. She cites potential effects on the chemical and energy markets, including the transport of oil to refineries. The impact on prices will depend on the companies' inventory levels. Grimm criticizes the government's lack of foresight in addressing climate change, saying that ad-hoc measures are not enough and that systematic strategies are needed.
She suggests that relaxing Sunday truck driving bans is a step in the right direction, but more preparation is required.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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