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Scholz Is Failing to Engineer a Liftoff for the German Economy
Germany’s inability to generate meaningful growth is casting a shadow over the long-term prospects for the economy — and political hopes for the three ruling parties under Chancellor Olaf Scholz. With business confidence last week plummeting and data on Tuesday likely to show that gross domestic product barely rose in the second quarter, a country long seen as Europe’s motor of expansion is increasingly looking like a deadweight. Of the 10 quarterly GDP readings since Scholz took office, more than half showed either nearly no growth or a contraction. At the heart of Germany’s weakness is the manufacturing ... (full story)
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- Posted: Jul 28, 2024 5:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,206
