IMF's Kammer urges Germany to implement structural reforms, boost investment, and reduce red tape for economic revival.

Alfred Kammer, head of the IMF in Europe, urges Germany to implement structural reforms and boost public infrastructure investment to address its economic stagnation. The economy has shrunk for two consecutive years, hindered by bureaucracy, an aging population, and a lack of innovation. Kammer emphasizes the need for clear government strategies to attract investment. Meanwhile, Finance Minister Lindner advocates for reducing red tape and corporate taxes to enhance competitiveness.

October 29, 2024
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