Federal Economics Minister Robert Habeck (Greens) has promoted an investment fund that is intended to stimulate the weakening economy. Such a “Germany Fund” must “go hand in hand with the reduction of bureaucracy and structural reforms,” Habeck told the “Bild” newspaper on Wednesday.
According to the report, the “Germany Fund” is intended to support companies in investment projects with grants, and money will also flow into infrastructure projects. Accordingly, the fund should cover ten percent of the costs and be aimed at small and medium-sized companies as well as large companies and start-ups.
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“The business location now needs full strength,” said Habeck. “I want craft businesses, medium-sized businesses and large companies to invest here in Germany.” The goal is to advance the climate-neutral modernization of Germany, the Green politician continued.
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With the fund, Habeck wants to respond to demands from industry, among others. The Federation of German Industries (BDI) estimates the state’s investment needs in infrastructure by 2035 at around 400 billion euros.
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In its annual report published on Tuesday, the International Monetary Fund (IMF) lowered its growth forecast for Germany and the Eurozone by a further 0.2 percentage points for the current year. For the coming year, the IMF reduced its forecast significantly by 0.5 points to 0.8 percent growth. (AFP)
