Tax & Spend

German Fiscal Chaos Risks Slowing Economic Rebound, OECD Says

WATCH: Chief Economist Clare Lombardelli explains the results of the OECD’s latest forecast which shows a deepening slowdown for the world’s advanced economies.Source: Bloomberg

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By Sonja Wind

November 29, 2023 at 10:00 AM UTC

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Germany’s budget chaos is threatening to hold back the economy if uncertainty around the funding of climate and digitalization projects persists, according to the OECD.

“Continuing political uncertainty related to the financing of support policies for firms and workers during the green transition could weigh on investment and private consumption,” the Paris-based institute said Wednesday in its latest outlook.