Scholz Is Failing to Engineer a Liftoff for the German Economy
- Growth is faltering with barely a year until the next election
- Companies still wrestling with the loss of cheap Russian gas
Olaf Scholz
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Germany’s inability to generate meaningful growth is casting a shadow over the long-term prospects for the economy — and political hopes for the three ruling parties under Chancellor Olaf Scholz.
With business confidence last week plummeting and data on Tuesday likely to show that gross domestic product barely rose in the second quarter, a country long seen as Europe’s motor of expansion is increasingly looking like a deadweight.