Stimulus measures should not spur inflation -Germany's Scholz
MESEBERG - Germany's government must be careful that its economic stimulus measures do not spur inflation, Chancellor Olaf Scholz said on Wednesday, shortly after his cabinet approved 32 billion euros of corporate tax cuts to boost flagging growth.
"Measures to promote the economy so targeted and so precisely developed that they do not lead to a new surge in inflation, but that they only help to stimulate growth," Scholz said at a cabinet retreat in Meseberg. "However, I would like to make one point, namely that the states and municipalities, just like the federal government, must have an interest in securing the economic strength of our country," Lindner said, calling on them to support the law.
Scholz said there were signs an economic upswing is on the way and that fighting inflation is a priority.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory activity likely extended declines in August - Reuters poll By ReutersChina's factory activity likely extended declines in August - Reuters poll
Read more »
Germany agrees 7 billion euro tax cut to boost flagging economy By ReutersGermany agrees 7 billion euro tax cut to boost flagging economy
Read more »
Germany's Scholz pledges less infighting as his government works to boost the economyGerman Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest.
Read more »
Danaher to buy Abcam in deal valued at $5.7 billion By ReutersDanaher to buy Abcam in deal valued at $5.7 billion
Read more »
US auto sales hint slowdown as economic woes weigh - S&P Global Mobility By ReutersUS auto sales hint slowdown as economic woes weigh - S&P Global Mobility
Read more »
Wall St opens higher as focus shifts to economic data for interest rate cues By ReutersWall St opens higher as focus shifts to economic data for interest rate cues
Read more »