Germany: Government bet on big spending to spur growth
135d ago
World
Deutsche Welle
The German government's proposed budget of €520.5 billion prioritizes increased spending on infrastructure and defense, aiming to stimulate economic growth. This substantial investment reflects the government's commitment to modernizing key sectors and bolstering national security. However, the budget announcement coincides with a challenging first half of the year for a major German car manufacturer, highlighting potential economic headwinds despite the planned fiscal stimulus. The situation is being closely watched by economists and industry analysts.