Economics

Scholz Says No Need for German Stimulus After Dodging Recession

  • German economy is ‘really resilient,’ finance minister says
  • Scholz sees ‘timely and targeted’ measures in a crisis
Olaf Sholz in Berlin on Nov. 14.Photographer: Krisztian Bocsi/Bloomberg
Lock
This article is for subscribers only.

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Germany’s economy is growing slowly, but isn’t in a crisis and doesn’t need a boost from additional spending, Finance Minister Olaf Scholz said after the country averted a technical recession in the third quarter.