July 5, 2024 should be the day of the trend reversal. On that day, after a night of negotiations, Federal Chancellor Olaf Scholz (SPD), Economics Minister Robert Habeck (Greens) and then Finance Minister Christian Lindner (FDP) presented not only an agreement on a 2025 federal budget, but also a “growth initiative”. 49 points with around 130 individual measures should finally get the stagnating German economy going again. Habeck spoke of half a percentage point growth being possible as a result. A manageable magnitude for high-growth countries. It would have been a lot for Germany.
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