The economy is on a collision course with Scholz. Leading economic research institutes significantly lowered their growth expectations for this year.
There are headwinds for the economy from home and abroad, they explained. Only 25 percent of internationally active family businesses are willing to invest in Germany because the location conditions are too poor, says Marie-Christine Ostermann, President of the Association of Family Businesses. The associations are calling for internationally competitive electricity prices, faster planning and approval procedures, less bureaucracy and tax reform.