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Structural reforms are needed for German rebound, economy minister says
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
German Economy Minister stresses the need for structural reforms to revive growth, amid criticism of increased public spending and looming US tariff threats.
BERLIN (Reuters) -Structural reforms are a requirement for the German economy to grow again, German Economy Minister Katherina Reiche said on Tuesday in the lower house of parliament.
German business associations have criticised the new government's surge in public spending which targets defence and infrastructure, saying it will not be enough to revive the economy unless it comes with structural reforms to boost competitiveness.
Europe's biggest economy contracted for the last two years, and the tariffs threats by the U.S. President Donald Trump could deal a major blow - possibly putting it on track for a third year of recession for the first time in post-war German history.
(Reporting by Maria MartinezEditing by Madeline Chambers)
German Economy Minister Katherina Reiche stated that structural reforms are necessary for the German economy to grow again.
German business associations criticized the new government's surge in public spending, arguing that it won't be enough to revive the economy without accompanying reforms.
Europe's biggest economy has contracted for the last two years, raising concerns about a potential third year of recession.
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