US EditionMerz vows to rev up German economic 'growth engine'
- Friedrich Merz assumed office as German Chancellor in May 2025 and committed to implementing reforms aimed at revitalizing Germany’s economy following two consecutive years of recession.
- He assumed office facing significant difficulties, such as a downturn in manufacturing, sharply increased energy prices due to the conflict in Ukraine, sluggish export demand—particularly from China—and longstanding challenges like an aging population and a shortage of qualified workers.
- Merz outlined plans to boost competitiveness, reduce corporate tax rates starting in 2028, create a 150 billion euro infrastructure investment fund, and ease debt rules to allow greater borrowing.
- He highlighted the importance of strong EU-US cooperation in dealing with Russia, committed to leading Germany with a distinctly European approach, advocated for cautious economic distancing from China, and cautioned that US tariffs pose a significant threat to Germany’s jobs reliant on exports.
- While some economists welcome the stimulus, doubts remain about the coalition’s willingness to pursue deep structural reforms needed to sustain growth and counter rising far-right support amid a prolonged economic crisis.
22 Articles
22 Articles
Siemens CEO Calls for Responsible Action from German Government
Siemens CEO Calls for Responsible Action from German Government Siemens Chief Executive Roland Busch has expressed optimism regarding the newly formed German government. However, he has urged Chancellor Friedrich Merz to act responsibly amidst the current challenges.Busch emphasized the importance of promoting growth and defending democracy to ensure stability and prosperity. His comments followed Siemens' announcement of its second-quarter earn…
Merz: Germany can once again become an engine of growth that the world looks up to with admiration
The new German government will support the weakening economy with tax breaks, infrastructure investment and a reduction in bureaucracy, Chancellor Friedrich Merz said on Wednesday. The DPA news agency reported. “We can use our own strengths to once again become a growth engine that the world looks up to,” said Merz, who spoke in the lower house of the German parliament (Bundestag) with his first government statement. Investor confidence in the …
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