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Experts tell Germany not to introduce national minimum wage

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13/11/13

The German government’s independent council of economic advisers is warning against a proposal to introduce a national minimum wage.

The council warned that the introduction of such a measure could end up hindering economic growth in the long-term.

Proposals to place a cap on rent increases and boost pensions are also being criticised by the expert panel as being “backward-looking”.

However, these proposals form part of the ongoing coalition talks between Chancellor Angela Merkel’s conservative bloc and the center-left Social Democrats.

The Social Democrats have made it clear that they require the introduction of a minimum wage if they are to participate in the proposed government coalition.

The panel released its annual report to the government Wednesday, in which it predicted Germany’s gross domestic product would increase by 0.4% this year and 1.6% in 2014.

The government’s own forecast in October was for 0.5% growth in 2012 and 1.7% next year.

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