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By Didier BOROWSKI, Head of Macro Policy Research, Amundi Investment Institute
Six weeks after Chancellor Friedrich Merz's coalition sealed a package of 34 structural reforms, investors are starting to ask whether Germany is finally shedding the stagnation of the past decade. A new report from the Amundi Investment Institute argues the answer is cautiously encouraging, though improvement in 2027-2028 is likely to be gradual.
A €500 billion bet, paired with reform
On 2 July, the CDU/CSU-SPD coalition agreed on measures spanning taxation, pensions, the labour market, red tape, housing, energy and technology. This is "the most ambitious plan since Schröder's Agenda 2010," the 2003 overhaul that reshaped Germany...
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