Germany’s Finance Minister Sees Economic Recovery, DPA Reports

Olaf ScholzPhotographer: Krisztian Bocsi/Bloomberg
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German Finance Minister Olaf Scholz said a slight economic recovery is on the horizon thanks to robust state aid preventing much of the potential fallout of the pandemic, Deutsche Presse-Agentur reportedBloomberg Terminal.

He credited Germany’s fiscal stimulus and the Berlin government’s shift on crisis aid at the EU level with saving jobs, the German newswire quoted Scholz as telling a virtual meeting of his Social Democratic Party.