According to the IMF forecast, Germany remains at the bottom of the G7 countries in terms of economic growth. The finance minister wants to see this as an incentive.
Finance Minister Christian Lindner has called for more ambition in economic reforms in Germany. The fact that the International Monetary Fund has lowered its expectations for the German economy is “a further encouragement and call for Germany to strengthen its competitiveness,” said Lindner during a visit to New York. “We are currently not having the economic success that our country needs.” The federal government “obviously also needs to increase its own level of ambition with our economic reforms and with the growth initiative.”
The International Monetary Fund (IMF) had previously lowered its forecast for economic growth in Germany. Next year, German economic output will only grow by 0.8 percent, 0.5 percentage points less than predicted in July. The IMF’s outlook for the global economy is somewhat better – although not rosy.
Source: Stern
