Germany’s Finance Minister, Christian Lindner, spoke on Monday about the importance of structural reforms to strengthen the country’s competitiveness. Despite being considered healthy, Germany’s expected economic growth of 0.9% remains below the average for advanced economies in 2024.
Lindner emphasized that while Germany is not the “sick man of Europe,” it is currently in a downturn and needs to improve its position. He highlighted the need to reduce red tape and attract workers into the labor market, as well as mobilize private investment.
During the World Economic Forum in January, Germany was referred to as a “tired man” in need of reforms. Lindner reiterated this sentiment and called for a single capital market for private investment in the European Union, stating that subsidies are not a viable solution in the long term.