German Chancellor Friedrich Merz expects the country’s economic recovery to continue in 2027, while the government’s council of economic experts raises its growth forecast. Bloomberg News reports.
Merz describes the development as positive for both companies and households, but emphasizes the need for responsible fiscal policy to retain the country’s top credit rating, AAA.
The government is working to reduce staffing levels and subsidies and reform the social security systems, particularly pensions.
Monika Schnitzer, chair of the council of economic experts, sees a significant economic recovery but calls for further measures to limit the budget deficit.
