Bad News for Germany’s Economy Might Be Good News for the Far Right

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“We have a whole cocktail of international problems,” said Klaus Deutsch, chief economist at the Federation of German Industries, warning that this could hand another argument to the far right.

“They will say: ‘Nothing works, big industry is firing employees, globalization is creating problems,’ ” he said.

One reason Germany proved more resistant to the tide of populism after the 2008 financial crisis is that the economy held up so well, said Mr. Mounk, the author.

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