No Economic Miracle For Germany’s Ailing Economy

Person Holding Blue and Clear Ballpoint Pen

Image Source: Pexels
 

From defense to infrastructure spending to reviving Europe's economic powerhouse, the challenges facing the likely new German Chancellor, Friedrich Merz, are huge. And he says he won't work with the right-wing AfD party, which came second in this weekend's elections. That will make forming a coalition government particularly difficult.

Video Length: 00:01:54


The massive challenges now facing Germany

Expect slow, soft, and gradual economic change in Germany, not least because the likely new Chancellor, Friedrich Merz, needs to form a governing coalition. That's according to ING's Carsten Brzeski, who's expecting tax cuts and renewed investment in the coming years. But we're unlikely to get the 'Wirtschaftswunder' - the economic miracle - seen after the Second World War.


More By This Author:

German Ifo Index Offers No Boost For Incoming Government
Germany’s Coalition Options Down To One After A Long Election Night
How The European Union Could Counter U.S. Tariffs

Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with