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Germany Not in Crisis Nor Mulling Stimulus, Finance Chief Says

  • Better global scenario will boost 2020 growth, Scholz says
  • Spending money now could fuel inflation without growth
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German Finance Minister Olaf Scholz says the country is not in a financial crisis. ]Daybreak: Americas." (Source: Bloomberg)
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German Finance Minister Olaf Scholz brushed off warning signals for Europe’s largest economy, saying the government has no concrete plans to spur economic growth.

The German Social Democrat, who is Chancellor Angela Merkel’s deputy in cabinet, said resolving “man-made” crises such as trade tensions and a potentially hard Brexit would help boost growth rates as early as the end of this year.