Reuters
German Chancellor Olaf Scholz promised on Tuesday to work with industry to revive growth in Europe’s biggest economy, which he said had been hit harder than others by geopolitical conflicts, inflation and high interest rates. To boost growth, his government was working to reduce bureaucracy, strengthen investment and create affordable, sustainable energy, Scholz said, adding that Germany also needed more skilled workers. “Inflation, rising interest rates, geopolitical conflicts, strained supply chains – as an industrialised and export-oriented country, we have been hit harder than others,” Scholz said at a conference of the BDA employers’ association.