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Investing.com -- German Economy Minister Katherina Reiche stated on Tuesday that structural reforms are necessary for the German economy to grow again, speaking at the lower house of parliament.
Business associations in Germany have criticized the new government’s increased public spending on defense and infrastructure, arguing that these expenditures alone will not be sufficient to revive the economy without accompanying structural reforms to enhance competitiveness.
Germany, Europe’s largest economy, has experienced contraction for the past two years. The situation could worsen as tariff threats from U.S. President Donald Trump might deliver a significant impact to the German economy, potentially leading to a third consecutive year of recession - something unprecedented in Germany’s post-war economic history.
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