IMF Meeting: Klingbeil: Now Use Growth Impulse
Germany's economy is picking up again, largely thanks to a debt-financed investment program - is it robust? The finance minister is also promoting it on the global stage.
German Finance Minister Lars Klingbeil is optimistic about further economic growth in Germany, citing positive signs and recognition from the International Monetary Fund (IMF). The IMF has raised its growth forecast for Germany to 1.3% this year and 1.1% next year. Klingbeil attributes the growth to the federal government's special fund for infrastructure investments and calls for further reforms, including private investments, reduced bureaucracy, and increased private pension savings.
He also notes that Germany remains an attractive partner for many countries despite the US's confrontational trade policy. Klingbeil also stated that Russia's participation in the G20 is not normal and that Europeans will not treat it as a regular member.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
