Germany needs more room for growth again
Germany's medium-sized businesses are under sustained economic pressure. In order for investment and growth to resume, they need more entrepreneurial leeway above all else.
Germany's economy needs to focus on growth again. According to Prof. Dr. Robert Mayr of DATEV, the country's medium-sized businesses are struggling with stagnant sales and rising costs, which is limiting their ability to invest in the future. The current economic conditions are forcing companies to prioritize securing their existing operations over investing in new technologies, expansions, and growth.
To boost economic dynamism, Germany needs a more streamlined state with fewer regulations and lower taxes, as well as a more integrated European market that allows for seamless growth across borders.
Written by urgent.news from Politico EU's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
