Sat. Mar 2nd, 2024
Germany’s economy is not in good shape, says finance minister

German Finance Minister Christian Lindner emphasized the importance of structural reforms to strengthen Germany’s competitiveness on Monday. He rejected the notion that Germany is the “sick man of Europe,” arguing that it is more like an “unfit man in need of improvement.” Despite being considered healthy, Germany’s expected economic growth of 0.9% remains below the 1.4% average for advanced economies in 2024. Lindner highlighted that although Germany is doing well, it is not in its best shape and needs to make changes to attract workers, reduce red tape, and mobilize private investment.

At the World Economic Forum in January, Lindner was referred to as a “tired man” in need of structural reforms. He underscored the need for a single capital market for private investment in the European Union, arguing that subsidies are not a sustainable solution. He believes that reducing bureaucratic hurdles and creating opportunities for private investors will help drive economic growth and make Germany more competitive globally.

By Editor

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