Grand Ambitions: German Businesses Urge New Government to Support Economic Growth
Economy's Key Requirement on Merz
In the aftermath of the election of Friedrich Merz and his black-red coalition, enterprises throughout Germany are looking to the new administration for solutions to revitalize their long-suffering economy. Here are the top concerns businesses are bringing to the table:
1. Chopping Red Tape**: Businesses are crying out for relief from what they consider to be excessive bureaucracy, with almost every company (98%) expressing strong support for its reduction as a matter of urgency[1].
2. Slashing Energy Bills**: German companies are clamoring for cheaper energy costs, with a staggering 88% of respondents in a recent survey demanding immediate action[1].
3. Reducing the Tax Burden**: The high tax burden is straining businesses, with 21% of respondents citing it as a significant concern[1]. They are demanding tax relief as part of an overall appeal for improved economic conditions.
4. Investing in Talent and Technology**: Despite the difficulties, German businesses are focusing on developing their employees, optimizing processes, and fostering a strong corporate culture. They also identify cybersecurity and AI as promising areas for future investment[1].
It's clear that the new black-red government needs to present a comprehensive economic blueprint that addresses these concerns and provides effective solutions. Boris Rhein, Prime Minister of Hesse, underscores the importance of such measures to energize the German economy, suggesting that the political establishment is taking these concerns seriously[1].
However, the challenges facing German businesses extend beyond these immediate demands, with the ongoing trade disputes with the U.S. and fears about the "Made in Germany" label losing its luster clouding the future[2]. The new government's policies will need to contend with these challenges in order to fully support the nation's enterprises.
[1] Source: ntv.de
[2] ntv.de
Keywords:
- Economic Policy
- Surveys
- Commerzbank
- SMEs
- Bureaucracy
- Black-Red
- Friedrich Merz
- Federal Government
- Economic Growth
- German Economy
- Customs Disputes
- Made In Germany
- Cybersecurity
- AI
- The new community policy of the black-red coalition, headed by Friedrich Merz, should prioritize reducing bureaucratic red tape, aligning with the 98% of businesses urging immediate action to ease the excessive burden.
- In addition to chopping red tape, the employment policy should focus on headwinds like slashing energy bills, echoing the demand of 88% of businesses for a speedy solution.
- The new government's employment policy must also address the high tax burden, which concerns 21% of businesses, by introducing measures aimed at providing tax relief and improving overall economic conditions.
- Beyond these immediate concerns, the employment policy should invest in the future by focusing on talent development, optimizing processes, and fostering a strong corporate culture. This strategy should prioritize cybersecurity and AI as promising investment areas.
- As the new government presents its comprehensive economic blueprint, it is crucial to source viable solutions from surveys and consultations with key economic players like Commerzbank and Small and Medium-sized Enterprises (SMEs).
- Agreeing on these policies involves the finance sector and business leaders within the federal government, as well as engaging with citizens on platforms like WhatsApp to foster open dialogue, build consensus, and ensure sustainable economic growth.
