German Chancellor Friedrich Merz has admitted that overcoming the nation’s economic difficulties is more complex than previously expected. Speaking at an event in Osnabrueck, a city in northern Germany, Merz reflected on the depth of the challenges facing the country’s economy.
He acknowledged, with a degree of personal critique, that the scale of the task surpasses what many, including himself, foresaw just a year ago. According to Merz, Germany is not merely experiencing a temporary downturn but is instead confronting a structural crisis that demands comprehensive reforms. The remarks highlight the growing recognition among policymakers of the need for long-term strategies to revitalize industrial output, improve competitiveness, and restore growth momentum.
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Merz Says Tackling Germany’s Economic Woes Tougher Than Expected
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world n nConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world n nGerman Chancellor Friedrich Merz said tackling the country’s economic challenges is proving to be a far greater undertaking than he initially anticipated. n n“I say this also self-critically — this task is bigger than one or the other may have imagined a year ago,” Merz said in a speech in the northern German town of Osnabrueck on Saturday. “We’re not just in a period of economic weakness, we are in a structural crisis of our economy.”