Economics
Holding Off Stimulus in Germany Isn’t Just Political Mantra
- Officials cite assessment of economy and spending strategy
- IMF made new call this week for Germany to use fiscal space
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When German officials get nagged about delivering major fiscal stimulus, they have plenty of answers ready for why now isn’t the moment.
“I think we did a lot,” Finance Minister Olaf Scholz said in a Bloomberg Television interview in Washington on Friday. “The more important question is what will happen to the global economy.”