Chancellor Friedrich Merz is convening a meeting with executives from about 30 major companies on Monday to restore investor confidence and stimulate the German economy. The 'Made for Germany' initiative will be a key focus, aiming to enhance the investment climate. The participating firms will present future projects and express their readiness for new capital investments. Merz's government has introduced significant tax relief packages and has recognized the importance of public and private investments in driving growth amidst ongoing economic challenges, including inflation and global competition.
German Chancellor Friedrich Merz is set to meet top executives from major German firms on Monday in a bid to restore investor confidence and revive the struggling economy.
The meeting will focus on the 'Made for Germany' initiative, launched by Siemens and Deutsche Bank, which aims to strengthen the country's investment climate.
Merz is urging companies to ramp up domestic investment after two years of recession and amid a bleak outlook for 2025.
The German economy has been hit hard by inflation, energy price shocks, and mounting global competition in the wake of the pandemic and the war in Ukraine.
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